ECC approves extension in PM’s Relief Package 2020

June 13, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday, approved an extension in the Prime Minister’s Relief Package-2020 up to 30th June 2022 on all five essential items.

The meeting was presided over by Federal Minister for Finance and Revenue Mr Miftah Ismail at Finance Division, today.

Ministry of Industries and Production submitted a summary for extension of Prime Minister’s Relief Package-2020 and fixation of Ghee prices at Utility Stores Corporation.

The Committee allowed that Ghee shall be sold on all USC outlets throughout the country at Rs300/kg from 9th June 2022 irrespective of the higher market prices.

The ECC further approved the allocation of funds of Rs3,447.60 million in favour of USC through Supplementary Grant.

Moreover, the Ministry of Aviation submitted a summary for payment of Sales Tax for leased aircraft on an instalments basis.

It was informed that Pakistan International Airline Corporation Limited (PIACL) is going to induct four (04) A320 aircrafts on a dry lease basis for a period of 72 months. Due to financial constraints, PIACL is not in a position to pay GST on the total rental value in a lump sum.

The ECC after considering incoming Haj 2022 and financial constraints of PIACL approved payment of GST @ 17 % i.e Rs. 1.596 billion approximately on the total rental value of Rs. 9.388 billion of four (04) A320 leased aircrafts on monthly instalments over the lease term starting from the date of arrival of aircrafts, including 01 already arrived.

The ECC also considered and approved the revised Ex-officio Steering Committee of the Targeted Commodity Subsidy Program (TCSP) to oversee the implementation of the Commodity Subsidy Program with the Minister of Poverty Alleviation and social Safety as chairperson.

Ministry of Communications presented a summary on the requirement of additional funds for the construction of Gilgit-Shandoor road, N-140. Rs. 2000 million were allocated in the Federal Budget 2021-22, whereas the actual requirement of funds to acquire land and make payments of certified liabilities is Rs. 6,000 million.

The ECC accorded approval of Rs4,000 million as additional funds for the project “Construction of Gilgit- Shandoor Road, N-140.”

Besides, the committee approved infrastructure projects and many supplementary grants for various ministries and divisions.

• Rs50 billion for the Power Division as an advance against future subsidy claims of the Power Sector.
• Rs130 billion for ways and means advances availed by provincial governments.
• Rs162 million in favour of the Department of Auditor General of Pakistan.
• Rs3.5 billion to Govt. of Sindh to offset losses of the abolition of Octri and Zila Tax.
• Rs1,520 million to FBR for the project titled “Development of Integrated Transit Trade Management System (ITTMS).
• Rs1.5 billion and Rs. 709 million in favour of the Ministry of Interior.
• Rs535.8 million in favour of the Ministry of Information and Broadcasting.
• Rs300 million in favour of the Ministry of Information Technology and Telecommunication.
• Rs7.4 million for the Ministry of Law and Justice.
• Rs1.5 billion for National Poverty Graduation Program (NPGP).
• Rs668.7 million for the Ministry of States and Frontier Regions.
• Rs26 million to Civil Services Academy, Lahore.
• Rs181.495 million to pay off the pending liabilities of advertising agencies against the media campaign of the Kamyab Pakistan Program (KPP).

Copyright Mettis Link News