ECC okays Rs134.78 billion for payment to IPPs

November 16, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday has approved Rs134.783 billion for payment to IPPs on the second instalment (60%) as per the payment mechanism.

The meeting headed by Federal Minister for Economic Affairs Division (EAD) Omar Ayub Khan approved Rs4.785 billion in favour of the Election Commission of Pakistan (ECP) for conducting local government elections in all provinces and for periodical revision of electoral rolls.

The meeting also approved a $200 million out of $500 million grant committed by ADB for the purchase of COVID vaccines and Ancillary Goods and Services.

The ECC also gave a nod for the provision of Rs1.80 billion funds for the interior ministry to further release to ICT Administration and Rs5.85 billion funds for uplift projects in Sindh and Balochistan provinces.

The committee also considered a summary tabled by the Ministry of Industries and Production seeking relaxation of PPRA rules for import of Urea and recommended Public Procurement Regulatory Authority (PPRA) to give exemption of rules to Trade Corporation of Pakistan (TCP) due to emergency for publishing a second tender advertisement, enabling the Corporation to republish the tender till fetching of low prices during the Rabi session-2021-22.

The ECC deliberated in detail the summary presented by the Ministry of Industries and Production on Small and Medium Enterprises (SMEs) policy 2021-25. The policy framework is based on reforming the policy and regulatory environment and addressing SME market constraints, both demand and supply side.

The ECC also considered and approved the Technical Supplementary Grants (TSGs) including Rs 10 billion during FY 2021-22 under the Sustainable Development Goals Achievement Program (SAP), Rs 338 million during FY 2021-22 in favour of the National Rahmatul-Lil-Aalameen Authority (NRA), Ministry of Federal Education and Professional Training.

The meeting was attended by Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Secretaries and other senior officers.

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