Islamabad September 28, 2021: The Cabinet will discuss refineries policy in the light discussions held in the Cabinet Committee on Energy (CCoE) headed by Minister for Planning, Development and Special Initiatives. SAPM on Power and Petroleum, Tabish Gauhar has already resigned after developing differences with the government’s energy related team.
The Federal Cabinet which is scheduled to meet on Tuesday (today) with Prime Minister Imran Khan in the chair, is likely to approve payment of Rs 131 billion, 40 per cent of the total amount payable to 11 Independent Power Producers (IPPs of 2002 policy), import of 50,000 tons of sugar and Kamyab Pakistan Programme (KPP).
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The KPP has been streamlined in consultation with stakeholders to disburse micro-credit for uplifting marginalized segments of society. KPP has five components namely (i) Kamyab Karobar (ii) Kamyab Kissan (iii) Naya Pakistan low-cost housing (iv) Kamyab Hunarmand and (v) Sehatmand Pakistan.
Under the first three components, micro-loans shall be disbursed amongst eligible persons registered with Ehsaas Data through National Socio-Economic Registry (NSER) who have family income of up to Rs.50,000 per month.
As per revised framework of KPP, selection of Wholesale Lenders (Banks) will be through competitive bidding in line with PPRA rules. The Micro Finance Providers (MFPs) will be selected by the wholesale lenders. The Government will provide two guarantees (i) 10% first loss guarantee to MFPs and (ii) 50% guarantee to Wholesale Lenders (WLs) on pari-passu/ risk-sharing basis.