ISLAMABAD: The Economic Coordination Committee has approved a host of measures to encourage and facilitate the overseas Pakistanis to send their remittances through official banking channels.
The approval was granted at a meeting in Islamabad today with Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh in the chair.
The Committee approved a technical supplementary grant of 9.6 billion rupees during the current financial year to finance the initiatives.
The ECC approved a proposal by the Ministry of Federal Education for a technical supplementary grant of 5 billion rupees in favour of the Higher Education Commission for the current Financial Year 2019-20.
It also approved a proposal by the National Security Division for a technical supplementary grant amounting to 15 million rupees for the Strategic Policy Planning Cell.
On a proposal by the Ministry of Defence, the ECC okayed a proposal for a technical supplementary grant amounting to 34.528 million rupees for Internal Security Duty Allowance to the Pakistan Air Force.
On a proposal by the Petroleum Division, the ECC approved the allocation of gas to SSGC and Provisional Tight Gas Incentive for Rehman-4 Well in Kirthar Block.
The meeting also discussed a proposal regarding quarterly adjustments of the K-Eectric Limited for the period from July 2016 to March 2019 and set up a committee including Minister for Power Omar Ayub Khan, Minister for Economic Affairs Muhammad Hammad Azhar, Deputy Chairman Planning Commission, Secretary Finance and a representative from the K-Electric to examine the issue in detail and recommend to ECC within a week a solution.
The ECC also deliberated upon a proposal by the Ministry of Energy to further extend till June this year the grant of subsidy to agricultural tube-well consumers in Balochistan. It set up a Committee, including the Minister for Power, to discuss the issue with the government of Balochistan.
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