Islamabad June 5 2023: Pakistan Economic Coordination Committee increased the prices of 49 drugs in its today meeting.
“Finance Minister Senator Mohammad Ishaq Dar chaired meeting of the Economic Coordination Committee(ECC) & approved a number of financial proposals including fixation of max:retail prices of 49 drugs for being lower as compared to their prices in the neighbouring countries” says Finance Ministry in its press release.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.
The ECC considered a summary of Ministry of National Health Services, Regulations and Coordination and after detailed discussion approved fixation of Maximum Retail Prices ( MRPs) of 49 new drugs on the basis of being lower as compared to their prices in the neighboring countries. These are drugs which are being introduced in Pakistan for the first time mostly at prices considerably lower than the region.
The ECC considered a summary of Ministry of Communications and accorded approval for issuance of GoP guarantee amounting to Rs. 9,500 million for the project construction of Hyderabad-Sukkur motorway on build-operate-transfer basis.
The ECC also considered a summary of National Disaster Management Authority and approved Rs. 12 billion for procurement of relief items to restock/replenish its reserves in order to be better prepared to respond to any impending disaster.
The ECC also approved following Supplementary and Technical Supplementary Grants:
1) Rs. 839.129 million as TSG in favor of the project titled “New Gwadar International Airport (NIGA) of Ministry of Aviation.
2) Rs. 120.450 million TSG in favor of Establishment Division for the CFY 2022-23 to meet shortfall of ERE and Non-ERE components.
3) Rs. 140, 584, 175 /- as TSG in favor of Establishment Division for Payment to Govt. Departments for Services Rendered from various sources.
4) Rs. 116.499 as TSG million in favor of Ministry of Human Rights for meeting the shortfall in essential expenditures in different organizations working under the Ministry.
5) Rs. 700 million as TSG in favor of Ministry of Information and Broadcasting to meet the shortfall during CFY 2022-23.
6) Rs. 48 million TSG in favor of Ministry of Interior for release of funds to HQ Frontier Corps (North) KP, for construction of FATA Levies Centre at Shakas Peshawar.
7) Rs. 470.827 as TSG million in favor of Ministry of Interior for the payment of troops cost/subsistence allowance to personnel of Civil Armed Forces deployed in UN Peacekeeping Missions.
8) The ECC also considered and approved a summary of Ministry of Interior for release of funds of Rs. 66.336 million as TSG for the construction of Frontier Constabulary Training Center, Michni, Khyber Pakhtunkhwa. The funds have been granted in aid to Pakistan by the USA for capacity building of Civil Armed forces.
9) Rs. 347.99 million as TSG in favor of Ministry of Interior to complete the raising process of 6th Battalion of Pakistan Post Guards for anti-smuggling purpose.
10) Rs. 1,251374,153/- as TSG in favor of Ministry of Interior for FATA Temporary Displaced Persons Emergency Recovery Project (TDP-ERP) of NADRA to serve the vulnerable families, affected by military operations.
11) Rs. 49.5 million as TSG in favor of Ministry of Interior for further disbursement of amount as financial assistance for the families of Shuhada and injured persons of Swat terrorism incident.
12) Rs. 9,145 million as TSG TSG in favor of Power Division for execution of 2×660 MW Coal fired Power project Jamshoro.
13) Rs. 48.429 million TSG in favor of Ministry of Parliamentary Affairs to meet its ERE shortfall.
14) Rs.1422.394 million as TSG in favor of Pakistan Atomic Energy commission to meet its ERE shortfall.
15) Rs. 110.653 million as TSG in favor of National Counter Terrorism Authority to strengthen NACTA within its current mandate.
16) Rs. 5,252 as TSG million in favour of Ministry of Defence for meeting ERE shortfall.
17) Rs. 402.251 billion as TSG in favour of EAD for debt servicing for foreign loans and credits.
Federal Minister for Industries and Production Syed Murtaza Mahmud, Mr. Shahid Khaqan Abbasi MNA/Ex-PM, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal Secretaries and other senior officers attended the meeting.
