ECC approves over Rs27bn financial support for key economic initiatives

News Image

MG News | February 17, 2025 at 10:56 AM GMT+05:00

0:00

February 17, 2025 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved over Rs27 billion to ensure financial support for key initiatives.

The ECC, which met in Islamabad under the chairmanship of Finance Minister Muhammad Aurangzeb, approved a technical supplementary grant of Rs19bn for 133 schemes of the defunct Pakistan Public Works Department.

A grant of Rs5.36bn was also approved to execute development schemes under the SDGs achievement program with Rs4bn allocated for Sindh and Rs1bn for Khyber Pakhtunkhwa, according to the press release issued.

The approval was granted for an amount of Rs1.9bn in favor of NADRA to ensure the transition of 43 Citizen Facilitation Centers in Khyber Pakhtunkhwa.

Additionally, a grant of Rs500 million was approved for the procurement of life-saving medicines and vaccines.

Another Rs84mn was allocated for the purchase of two Hino Coaster mini-buses and three Toyota Hiace vans to replace the outdated official transport at the President's Secretariat.

Furthermore, the ECC approved Pakistan's membership in the New Development Bank, established by BRICS member countries.

The committee endorsed the purchase of 5,882 capital shares in the bank, amounting to $582mn, with $116mn as paid-in capital.

The forum allowed the transfer of shares of DISCOs in the name of the President of Pakistan and the incorporation of an International Joint Trading Company in Singapore by Pakistan State Oil (PSO) and the State Oil Company of Azerbaijan (SOCAR).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,260.00 119,660.00
117,255.00
2520.00
2.16%
BRENT CRUDE 68.55 69.09
68.30
-0.16
-0.23%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.34 67.01
66.09
-0.18
-0.27%
SUGAR #11 WORLD 16.61 16.65
16.55
0.05
0.30%

Chart of the Day


Latest News
July 16, 2025 at 03:54 PM GMT+05:00

MTL expected to climb to Rs650/share by Dec 2025


July 16, 2025 at 03:52 PM GMT+05:00

PKR falls 29 paisa against USD


July 16, 2025 at 03:44 PM GMT+05:00

Govt to shut down Utility Stores by July 31


July 16, 2025 at 03:26 PM GMT+05:00

Oil prices steady amid mixed global signals


July 16, 2025 at 02:22 PM GMT+05:00

Trump declares breakthrough on crypto laws



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg