The Economic Coordination Committee (ECC) Tuesday approved the Pakistan Agricultural Storage and Services Corporation (PASCO) wheat purchase target from 1.4 million tonnes to 1.8 million tonnes.
To ensure enough supply of urea fertilizer during the upcoming Kharif season of 2024, the ECC has taken decisive steps and a strategy has been approved to meet the requirements.
The huddle approved an advance subsidy of Rs70 billion for K-Electric and Rs55 billion for Azad Jammu and Kashmir (AJK).
Finance Minister, Senator Muhammad Aurangzeb presided over the ECC meeting, during which a technical grant of Rs200 million was approved for defense production.
The ECC’s meeting members also approved the funds for the salaries – from January 2024 till June 2024 – of the employees of Pakistan Steel Mills.
The ECC has approved a supplementary grant of Rs5.89 billion and Rs4.86 billion, allocated for the Engineering Development Board (ERA) and Atomic Energy Commission, respectively.
The ECC meeting approved a technical supplementary grant of Rs2.5 billion has been approved for the Ministry of Energy which is likely aimed at supporting infrastructure projects and initiatives to enhance energy production and distribution.
