ECC okays Rs200bn equity injection for Discos amid cash-flow stress |
• Eases fan replacement programme criteria to widen consumer eligibility
• Parliamentarians get fresh allocations
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved more than Rs225 billion in supplementary grants, including for parliamentarians’ schemes and power sector subsidy through government’s equity injection.
The meeting of the committee presided over by Finance Minister Muhammad Aurangzeb also eased eligibility criteria for prime minister’s fan replacement programme, approved compensation for missing persons’ families and noted easing of inflationary pressure that had stemmed from post-flood supply impact.
The ECC approved a total of Rs12bn for Sustainable Development Goals (SDGs) Achievement Programme schemes — codenamed for parliamentarians’ constituency schemes — under three different heads. The government had allocated Rs70bn in the current year budget for parliamentarians’ schemes and about Rs25bn has already been authorised for disbursement in first four months. The fresh approvals take the total authorisations to Rs37bn, more than half the total allocation, the luckiest area in the development budget.
An official statement said the supplementary grant of Rs6.358bn was approved to Power Division for execution of SDGs schemes in Punjab, Islamabad Capital Territory, Sindh and........