Islamabad: A meeting of Economic Coordination Committee (ECC) of the cabinet will be held today.
The meeting will deliberate upon a six-point agenda which included a tariff increase for K-electric.
The government will seek the approval of the ECC for the approval of Rs4.88 increase in power tariff for K-Electric consumers under 11 quarterly adjustments.
The government has decided that instead of transferring the burden of 11 quarterly adjustments to the power consumers of K-Electric in a single go and will seek ECC approval for the phase wise hike in power tariff, official sources said. scheduled for today (Wednesday),
In December Nepra had approved the quarterly adjustment claims of K-Electric for the period from July.-September 2016 to January-March 2019 and allowed an increase of Rs4.88 per unit for the company’s consumers. The government was supposed to notify the increase, however now it has decided to refer the matter to ECC for approval and the matter to be referred to ECC and the power division will recommend phase wise increase in tariff for K-electric consumers.
The matter of subsidy for agricultural tube well consumers in Balochistan for 2019-20 is also on the agenda of the meeting. Allocation of gas to SSGC and provincial Tight gas price incentive for Rehman-4 well in Kirthar Block will also be discussed in ECC meeting.
The meeting agenda also include allocation of technical supplementary grant for internal security duty allowances to Air Force and technical supplementary grant of Rs5 billion in favour of Higher Education Commission for current Financial Year 2019-20.
Besides the issuance of Rs five-billion grant to Higher Education Commission will be approved as well while the restoration of the Saudi Tuwairqi Steel Mills Limited will be considered as well.
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