ECC approves Extra 150 MW Electrical energy To Karachi, Rs1.8m for TESCO

The Financial Coordination Committee (ECC) has authorized procurement of 5.15 million tons of wheat goal with monetary restrict of 158.5 billion rupees this yr.
The ECC, which met in Islamabad on Wednesday with Prime Minister’s Adviser on Finance Dr Abdul Hafeez Shaikh, additionally authorized extra provide of 150 MW of energy by means of Nationwide Grid to Ok-Electrical to handle energy scarcity in Karachi.
The Committee authorized extra subsidy amounting to 1.eight billion rupees to Tribal Electrical Provide Firm (TESCO) for the month of Ramazan to offer extra energy provide to the seven tribal businesses of ex-FATA. The Energy Division knowledgeable that the federal government has been paying the electrical energy payments of home customers of former tribal businesses by means of a subsidy of 1.three billion rupees per thirty days.
ECC acceded to the proposal of Earthquake Reconstruction and Rehabilitation Authority by granting tax exemption to the initiatives being constructed underneath Saudi Fund for Improvement Grant.
It waived off Karachi Port Belief’s storage expenses on the consignments of rice to be distributed among the many needy individuals by a non-profit welfare group working for the poor and needy individuals of the nation.
The Committee additionally authorized Technical Supplementary and Supplementary Grants for various Ministries and Divisions.