The Economic Coordination Committee of the cupboard on Wednesday authorized payment of the important installment to 35 IPPs out of a total 47, whereas payment to the final 12 IPPs (underneath Energy Coverage 2002) will be withheld owing to the NAB investigation.
Federal Minister for Finance and Income, Mr. Shaukat Tarin, chaired the Economic Coordination Committee (ECC) of the Cabinet this day.
Energy Division offered a abstract sooner than the ECC referring to the release of the important installment of payment to IPPs. Secretary Energy Division briefed the Committee about the strategies of the sub-committee constituted for the interval of ECC final week. The ECC authorized payment of the important installment to 35 IPPs out of total 47 whereas payment to the final 12 IPPs (underneath Energy Coverage 2002) will be withheld owing to the NAB investigation.
Secretary Energy gave a detailed briefing to the Committee referring to a draft abstract for approval of arrangement for providing additional vitality from NTDC to Ok-Electrical since April 2020. The Secretary Energy also raised the order of non-payment for the extra vitality supply by Ok-Electrical to Energy Division. After a detailed discussion, the ECC constituted a Sub-Committee comprising Federal Minister for Planning, the Federal Minister for Energy, the Federal Minister for Maritime Affairs and the SAPM on Energy to be headed by the Finance Minister to negotiate with Karachi Electrical for settlement of payment dispute amicably.
Energy Division placed a abstract sooner than the ECC referring to tax on payments to the offshore supply contractors of Neutral Energy Producer(s) located in AJ&Ok. The ECC regarded as and authorized the abstract to facilitate swift processing of such tasks attributable to its strategic significance.
The ECC regarded as and authorized a abstract tabled by the Ministry of Industries and Production referring to exemption from duties and taxes for import of oxygen fuel, oxygen fuel cylinder and cryogenic tanks by oxygen concentrators/Generators/manufacturing Vegetation underneath respective Harmonized Machine (HS) codes for a interval of 180 days to home the increased requirement of oxygen for the interval of the third wave of COVID-19 within the country.
Ministry of Commerce offered a abstract referring to the implementation of United Nations Security Council Resolutions (UNSCRS) thru export Coverage Suppose, 2020 and Import policy Suppose, 2020. The ECC regarded as and authorized the abstract.
Lastly, Energy Division offered a abstract sooner than the Committee referring to retargeting of vitality sector subsidies for electricity consumers for the interval of share-I in consultation with Ehsaas and the Finance Division. The ECC authorized the abstract, in precept, with a direction to work out modalities for future plan of action.
The following Technical Supplementary Grants were authorized by ECC: –
- Allocation of funds for the National Catastrophe Administration Authority (NDMA) for procurement of oxygen fuel and supply mechanism for import of 6,000 MT of oxygen amounting to Rs. 1800 million to meet the emergency requirement for the provision of oxygen to hospitals for the treatment of COVID-19 sufferers.
- Rs.10 billion for the Finance Division for compensation of telegraphic switch charges to the banks on house remittances to help out of the country Pakistanis to remit money thru formal banking channels.
- Rs. 115 million for the Ministry of Defence for the up-gradation of health care facilities at Cantonment Favorite Clinical institution, Rawalpindi.
- Rs. 800 million to the Ministry of Defence Production for the payment of an prominent mortgage to the National Financial institution of Pakistan (Bahrain).
- Rs. 8 million for the Ministry of Data and Broadcasting to sure the pending liabilities of “Implementation Tribunal for Newspaper Staff (ITNE)”.
- Rs. 571.216 million for the Ministry of Legislation and Justice for the construction of the Islamabad High Court Constructing.
- Rs. 350 million for the Ministry of Legislation and Justice for a brand original building of the Supreme Court Branch Registry Karachi.
- Rs. 198.017 million for running Isolation Clinical institution and Infections Medicine Center, Islamabad for treatment of COVID-19 sufferers.
- Rs. 27.5 billion for National Catastrophe Administration Fund to total NDMA’s element underneath Karachi Transformation Belief.
- Rs. 48.337 million for the Ministry of Parliamentary Affairs for meeting its a amount of operational charges.
- Rs. 17.739 million for the Geological Survey of Pakistan (GSP) to repair considerable laboratory equipment.
- Rs. 1563.046 million for the Ministry of Federal Education and Technical Practising for establishment & operation of Favorite Education Neighborhood Colleges.
- Rs. 1210.18 million for the National Commission for Human Constructing (NCHD) for meeting a amount of working charges.
- Rs 100 million for the Cabinet Secretariat, given as contribution from the Authorities of Punjab for Pakistan Tourism Constructing Endowment Fund.
Federal Minister for Privatization Muhammad Mian Soomro, Federal Minister for Internal Shaikh Rashid Ahmad, Federal Minister for Economic Affairs Division Omar Ayub Khan, Federal Minister for Planning, Constructing and Particular Initiatives Asad Umar, Federal Minister for Energy Muhammad Hammad Azhar, Federal Minister for Industries and Production Makhdum Khusro Bakhtyar, Federal for National Food Security & Evaluate Syed Fakhar Imam, Federal Minister for Maritime Affairs Ali Haider Zaidi, Adviser to the PM on Commerce Abdul Razak Dawood, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain, SAPM on Finance and Income Dr. Waqar Masood, SAPM on Energy & Petroleum Tabish Gauhar, Federal Secretaries, Chairman BOI and different senior officers participated within the meeting. Governor Dispute Financial institution of Pakistan Reza Baqir also joined thru a video link.
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