ECC approves over Rs44bn for various projects

May 6, 2021: The Economic Coordination Committee of the cabinet has approved over 44 billion rupees for various projects, including 1.8 billion rupees for import of oxygen gas to meet the emergency requirement for supply of oxygen to hospitals for treatment of COVID-19 patients.

The ECC, which met in Islamabad on Wednesday with Finance Minister Shaukat Tarin in the chair, approved technical supplementary grant for the National Disaster Management Authority for procurement of oxygen gas and delivery mechanism to import of 6,000 MT of oxygen.

It approved 10 billion rupees for re-imbursement of telegraphic transfer charges to the banks on home remittances to encourage overseas Pakistanis to remit money through formal banking channels.

Besides, 115 million rupees were approved for the up-gradation of health care facilities at Cantonment General Hospital, Rawalpindi, 800 million rupees for the payment of outstanding loan to the National Bank of Pakistan (Bahrain), eight million rupees to clear the pending liabilities of “Implementation Tribunal for Newspaper Employees”,  571.216 million rupees for the construction of Islamabad High Court Building, 350 million rupees for a new building of the Supreme Court Branch Registry Karachi, and 198.017 million rupees for running Isolation Hospital and Infections Treatment Center, Islamabad for treatment of COVID-19 patients.

The ECC accorded approval to 27.5 billion rupees for National Disaster Management Fund to complete NDMA's component under Karachi Transformation Plan, 48.337 million rupees for the Ministry of Parliamentary Affairs to meet its operational expenses,  17.739 million rupees for the Geological Survey of Pakistan to repair important laboratory equipment, over 1.5 billion rupees for establishment and operation of Basic Education Community Schools, over 1.2 billion rupees for the National Commission for Human Development to meet is various operating expenses, and 100 million rupees for the Cabinet Secretariat, given as contribution from the Government of Punjab for Pakistan Tourism Development Endowment Fund.

ECC approved exemption from duties on import of oxygen, oxygen gas cylinder and cryogenic tanks by oxygen concentrators, generators, manufacturing Plants for a period of 180 days to cope with the increased requirement of oxygen during the third wave of COVID-19 in the country.

The ECC noded payment of first instalment to 35 Independent Power Producers out of total 47; whereas payment to the remaining 12 IPPs may be withheld owing to the NAB investigation.

It also approved subsidies for electricity consumers during phase-I in consultation with Ehsaas and Finance Division. The committed granted approval to implementation of United Nations Security Council Resolutions through export Policy Order, 2020 and Import policy Order, 2020.  

Radio Pakistan

Posted on: 2021-05-06T10:20:00+05:00

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