ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet may approve a technical supplementary grant of Rs8.844 billion for capacity enhancement of civil armed forces (CAF) Western Border Management Phase-II.
The agenda of the ECC meeting scheduled to meet with Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh today (Wednesday) includes interior division's proposal seeking approval of Technical Supplementary Grant (TSG) for civil armed forces capacity enhancement Western Border Management Phase-II.
The ECC would also consider request of revenue division for technical supplementary grant of Rs200,977,056 to meet the obligatory expenditure under Demand No 45-Federal Board of Revenue (FBR) during Financial Year 2019-2020.
The agenda of the ECC also includes Power Division proposal - impact of reduction in demand due to lockdown and economic slowdown as result of the COVID-19 - committee for finalization of terms of reference of the committee for payment to the independent power producers (IPPs).
The Power Division is said to be seeking guidance from the ECC in the form of terms of reference for payment to the IPPs for the three month of lockdown as recoveries of billed amount declined considerably during the period.
The ECC meeting would also take up the request of Cabinet Division regarding TSG to meet a shortfall in the budget during the current financial year 2019-2020.
The ECC would consider another proposal of Cabinet Division with regards to grant of exemption from payment of custom duty/additional custom duty/sales tax, etc. and surcharge thereof.
The ECC would also consider and approve the report on the ECC's decision in Case No ECC-147/17/2020 dated 22.04.2020.
The ECC may also consider Ministry of Industries and Production civil petition No 326-K I 513-K of 2018 by Pakistan Steel against Muhammad Zardad Abbasi and 75 others before the Supreme Court of Pakistan.
The meeting would also take up Petroleum Division's proposal for supply of gas to localities/villages in the five-kilometre radius of gas predating fields being imported and hedging of prices for petroleum products being imported.
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