- ECC additionally okays continuation of prime minister’s aid bundle.
- The assembly instructs to not enhance the costs of flour.
- It additionally approves tariff rationalisation for Okay-Electrical.
In a significant improvement, the Financial Coordination Committee (ECC) of the cupboard on Monday gave its nod to the privatisation of loss-making Pakistan Worldwide Airways (PIA).
The choice was made throughout a gathering of the ECC held with Finance Minister Ishaq Dar within the chair.
In line with a declaration issued by the ECC, “After deliberation determined to incorporate Pakistan Worldwide Airways Co. Ltd (PIACL) within the checklist of lively privatisation initiatives of the continued privatisation programme, following an modification within the regulation by the parliament.”
The committee additionally gave its approval to nominate a finance adviser for the privatisation of the Roosevelt Resort in New York, learn the assertion.
The ECC additionally accepted the continuation of the prime minister’s aid bundle for 5 important gadgets on subsidised charges by way of Utility Shops Company from this August to 30th June subsequent 12 months.
The assembly issued the directive that there shall be no enhance within the value of flour (atta).
The ECC additionally accepted modifications within the incentives schemes of the State Financial institution of Pakistan (SBP) to enhance the influx of remittances and get optimum remittance influx by way of formal channels.
It additionally accepted tariff rationalisation for Okay-Electrical by way of changes relevant on the consumption of April, Might, and June this 12 months to be recovered from shoppers in three months (July, August, and September 2023), respectively.
Along with this, the physique accepted amendments within the contract with TAVANIR Iran for the extension of energy tariff for the present provide of 104MW, negotiating tariff for extra provide (Polan-Gabd) and tariff agreed for extra provide of 100MW by way of Polan-Gabd Transmission Line from 16th March this 12 months to 31st December subsequent 12 months.
Approval was additionally accorded to a Rs3 billion technical supplementary grant in favour of the Ministry of Data and Broadcasting for Prime Minister’s Well being Insurance coverage Scheme for Media Staff, Journalists and Artists and Movie Finance Fund.
One other technical supplementary grant price Rs500 million was additionally accepted in favour of the Ministry of Defence for the security-related necessities throughout fiscal 12 months 2023-24.
— With further enter from Radio Pakistan.