September 12, 2024 (MLN): The Economic Coordination Committee (ECC) on Wednesday authorized to proceed with the procurement of civil works for the "Kalkatak-Chitral 48 km (Section-III) Road Project (N-45).”
The ECC of the cabinet met yesterday to review and approve several key proposals across various sectors, said a press release issued on the same day. Federal minister for finance and revenue senator Muhammad Aurangzeb chaired the meeting.
The ECC reviewed a summary from the Ministry of Communications concerning the "Kalkatak-Chitral 48 km (Section-III) Road Project (N-45) – Procurement of Civil Works" and authorized the ministry of communications and the national highway authority to proceed with the procurement of civil works as per Public Procurement Rule-5.
The ECC considered a proposal for provision of funds amounting to Rs238.42 million, for clearing arrears of wheat subsidy schemes 2015-16, by the Ministry of National Food Security and Research (NFSR).
ECC took into account the recommendations of the senate standing committee on finance and revenue, and directed the ministry to arrange the funds through the available budgetary resources and settle the long pending claims.
On a proposal of the ministry of national food security and research for a loan of Rs656m to the Pakistan Central Cotton Committee (PCCC) to enable the organization to pay salaries and pensions to its employees, the ECC deliberated on the rationale and decided that this entity should be considered for wound-up.
It was therefore directed that a case be submitted to the cabinet committee for rightsizing of the federal government.
Lastly, the ECC considered a summary from the ministry of energy (petroleum division) regarding a change in the gas supply priority order.
The ECC approved the proposal to amend the existing gas allocation priority by placing gas use for industrial processes in the first priority alongside domestic and commercial sectors, while gas use for industries using captive power was relegated to a lower priority alongside the Compressed Natural Gas (CNG) sector.
This measure would facilitate the industry using gas in it's processes, as they would be included in the top priority category.
Copyright Mettis Link News
Posted on: 2024-09-12T10:02:13+05:00
