ECC approves additional supply of 150MW to K-Electric
ISLAMABAD (92 News) – The Economic Coordination Committee (ECC) approved additional supply of 150 MW of power through National Grid to K-Electric in Karachi.
The ECC meeting was held on Wednesday under the chair by Prime Minister’s Adviser on Finance Dr Abdul Hafeez Shaikh in Islamabad. During the meeting, the ECC approved procurement of 5.15 million tons of wheat target with financial limit of 158.5 billion rupees this year.
The ECC also approved additional supply of 150 MW of power through National Grid to K-Electric to address power shortage in Karachi.
The committee approved additional subsidy amounting to 1.8 billion rupees to Tribal Electric Supply Company (TESCO) for the month of Ramazan to provide additional power supply to the seven tribal agencies of ex-FATA. The power division informed that the government has been paying the electricity bills of domestic consumers of former tribal agencies through a subsidy of 1.3 billion rupees per month.
ECC acceded to the proposal of Earthquake Reconstruction and Rehabilitation Authority by granting tax exemption to the projects being constructed under Saudi Fund for Development Grant.
It waived off Karachi Port Trust’s storage charges on the consignments of rice to be distributed among the needy people by a non-profit welfare organization working for the poor and needy people of the country.
The committee also approved Technical Supplementary and Supplementary Grants for different Ministries and Divisions.
ECC approves to fix petrol price at Rs108 per liter
The Economic Coordination Committee (ECC) has approved to fix the petrol price at Rs108 per liter.
The meeting was presided over by Finance Adviser Hafeez Shaikh. The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs14per liter.
Prime Minister Imran Khan had sent the matter of increase in the prices of the POL products. Moreover, the ECC has increased the diesel price by Rs4.89 per liter.
Sources said that the government would give Rs5 billion as subsidy.