The ECC on a summary by Maritime Affairs Division directed Petroleum Division, Finance Division and PSO to provide a timeframe for payment to settle PSO outstanding dues to PNSC.
Federal Minister for Finance and Revenue Mr. Shaukat Tarin chaired a meeting of Economic Coordination Committee (ECC) of the Cabinet on Monday. Federal Minister for Interior Sheikh Rasheed Ahmad, Federal Minister for Industries and Production Makhdum Khusro Bakhtyar, Federal Minister for Power / Energy Hammad Azhar, Federal Minister for Privatization Muhammad Mian Soomro, Federal Minister for National Food Security and Research Syed Fakhar Imam, Advisor to Prime Minister on Institutional Reforms and Austerity Dr. Ishrat Hussain, SAPM on F&R, Federal Secretaries and relevant officers of concerned Divisions and Departments attended the meeting.
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PSO outstanding dues to PNSC
The ECC on a summary by Maritime Affairs Division directed Petroleum Division, Finance Division and PSO to provide a timeframe for payment of the outstanding dues to PNSC. The ECC on a summary by Power Division about payment of outstanding amount of net hydel profits – Power Division and Finance Division to come up with a possible solution/option for raising up required financing by WAPDA, within two weeks.
The ECC further approved Technical Supplementary Grant Rs. 1.6 billions for Department of Immigration and Passports ,Ministry of Interior and Technical Supplementary Grant of Rs. 456.641 millions for Federal board of Revenue to pay off the pending liabilities of the project titled “Development of Integrated Transit Trade Management System”.
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The ECC approved Technical Supplementary Grant of Rs.2.0 billions for Foreign Affairs Division and Supplementary Grant of Rs. 8.0 billions for Textile Wing of Commerce Division. The ECC further approved Technical Supplementary Grant of Rs. 5800.00 millions for utilization of foreign aid of NDRMF projects, Ministry of Planning, Development and Reforms.