ISLAMABAD: The Financial Coordination Committee (ECC) of the Cupboard on Monday accepted a grant of over Rs 3 billion for varied departments and organisations.
Finance Minister Muhammad Aurangzeb chaired the ECC assembly , n Islamabad that accepted Rs 2.79 billion for procurement of arms and ammunition and interesting Nespak as design marketing consultant for Digital Enforcement Stations and examine posts.
It additionally okayed approval to 494.56 million rupees to assemble barracks and examine posts for Frontier Corps Khyber Pakhtunkhwa (North).
Moreover, a grant value Rs 500 million was allowed in favour of the Intelligence Bureau Division. Talking on the event, the Finance Minister emphasised that the discount in core inflation, common inflation, and the downward worth developments ought to translate into tangible aid for the widespread man.
The ECC additionally directed to make sure strategic reserves of wheat, sugar, and pulses. It instructed to enhance the availability chains of important objects forward of the holy month of Ramadan.
The discussion board known as upon Provincial Value Management Committees to implement strict compliance with the value management mechanism, curb cartelization, and forestall undue profiteering with the intention to defend customers from unfair worth hikes.
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Earlier, the ECC reviewed a abstract submitted by the Ministry of Commerce concerning the sharing of subsidy on imported urea on a 50:50 foundation.
It accepted the discharge of PKR 10 billion to the Ministry for speedy settlement of excellent dues associated to imported urea subsidies. The choice goals to alleviate the monetary burden and make sure the clean and well timed availability of urea to satisfy agricultural wants.
The ECC additional directed the provinces to meet their share of subsidy funds, emphasizing equitable cost-sharing amongst all stakeholders.
The ECC thought of a abstract from the Ministry of Federal Training and Skilled Coaching looking for approval for the availability of a PKR 1 billion authorities assure to launch the Pakistan Abilities Influence Bond (PSIB), with NAVTTC because the issuer of the bond. The Committee suggested the Ministry to develop a complete plan and resubmit the abstract for consideration.