Islamabad April 14 2023: Economic Coordination Committee (ECC) increased Government of Pakistan guarantee against USD denominated loans of PIACL to PKR 263.2 billion.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC of the Cabinet, yesterday.
The ECC considered a summary of Aviation Ministry and approved increase in GoP guarantee related to USD denominated loans of PIACL to the tune of PKR 15,607,394,711/- by enhancing the existing guarantee limit of PKR 247.630 billion to PKR 263.237 billion.
ECC approved following Technical Supplementary Grants/Supplementary Grants: i. PKR 261 million in favour of Ministry of Housing and Works for execution of development scheme – Construction of railway underpass Jahanian, District Khanewal. ii. US D 0.5 million equivalent to PKR 142.5 million Rupee Cover in favour of Ministry of National Health Services , Regulations and Coordination, committed by SAARC Development Fund for standard package for strengthening preventive and curative activities for mental health and condition of Covid-19 research activities. iii. PKR 250 million in favour of Ministry of Housing and Works for repair & maintenance of Supreme Court of Pakistan building, Judges residences, rest houses & sub- offices in various cities. iv. PKR 22 million in favour of Ministry of Foreign Affairs for payment of liabilities of electricity.
Federal Minister for Power Mr. Khurram Dastgir Khan, Federal Minister Commerce Syed Naveed Qamar, Federal Minister for Industries and Production Syed Murtaza Mahmud, Federal Minister for National Food Security & Research Chaudhry Tariq Bashir Cheema, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Coordinator to the PM on Economy Mr. Bilal Azhar Kayani, Federal Secretaries and other senior officers attended the meeting.