ECC approves Rs 42.5 billion for conduct of general elections

ISLAMABAD (92 News) - Federal Minister for Finance and Revenue Muhammad Ishaq Dar chaired a meeting of the Economic Coordination Committee (ECC) on Thursday.

The committee approved an amount of Rs 42.5 billion for the conduct of the elections. Initially, the ECP will be given Rs 10 billion for preparations of the elections.

However, the federal cabinet will grant the final approval for the provision of the funds. The ECP had requested the Finance Ministry to release Rs 42.5 billion for the elections.

Meanwhile, Federal Minister for Finance and Revenue Muhammad Ishaq Dar chaired a meeting of the Steering Committee to review the progress of work related to outsourcing of airports’ operations.

Federal Minister for Aviation and Railways Khawaja Saad Rafique, Minister for Commerce Syed Naveed Qamar, Minister for Law and Justice Azam Nazir Tarar, SAPM on Finance Tariq Bajwa, Secretary Aviation, CEO Public Private Partnership Authority, DG Pakistan CAA, IFC team and other government officials attended the meeting.

IFC, transaction advisor apprised the meeting of the progress on the working. The meeting unanimously decided and allowed the Ministry of Aviation to proceed further for tendering of the outsourcing of the first airport i.e. Islamabad Airport in order to improve service delivery in line with the best industry practices.