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ECC green-lights Rs7.6-billion Ramadan package deal



ECC green-lights Rs7.6-billion Ramadan package

ISLAMABAD: The Financial Coordination Committee (ECC) on Wednesday greenlit a Ramadan package deal value Rs7.6 billion throughout a gathering chaired by Finance Minister Abdul Hafeez Shaikh.

Sources within the finance ministry mentioned subsidies for 19 important gadgets on the Utility Shops Company (USC) have been accepted through the ECC assembly. As well as, technical grants for seven totally different establishments have been additionally greenlit.

Sources additionally knowledgeable The Information that the finances for the Ramadan package deal was elevated because of an increase within the ghee costs.

Earlier, it was reported that the ECC would contemplate a 20-point agenda throughout its Wednesday assembly. The doc acknowledged {that a} abstract of a Ramadan aid package deal 2021 value greater than Rs36 billion was to be introduced.

The agenda doc additional famous that the Energy Division would difficulty a notification of gasoline adjustment prices from November 2019 to June 2020 and that the ECC would overview the Nationwide Electrical Energy Regulatory Authority’s (NEPRA) choice to extend electrical energy costs.

The ECC was additionally to overview the expenditure of the ability distribution corporations’ workers and pensioners, NAB’s investigation into an settlement signed with the impartial energy producers (IPPs), in addition to summaries of the supply of subsidies to the ability sector, tax exemption on import of uncooked supplies for auto-disable syringes, and importing uncooked cotton by way of the Torkham border.

It was reported final week that the PTI authorities was pondering an almost Rs6.3-billion Ramadan package deal for the USC and had proposed subsidies of Rs20 per kg on dates, Rs10 per kg on basmati and sela rice, a Rs12 subsidy on tota rice, a Rs25 per 1,500ml bottle of drinks, a Rs20 per 800ml bottle of drinks, Rs50 on tea, and Rs20 on milk, amongst others.

The proposal was despatched to the ECC assembly earlier right this moment.

It had additionally beneficial bringing sugar costs all the way down to Rs68 per kg, a 20kg bag of flour to Rs800, and ghee to Rs200 a kilo. 

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