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ECP has been granted Rs 1.31 billion to hold LG by-elections.

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The federal cabinet’s Economic Coordination Committee (ECC) authorised a grant of more than Rs. 1.3 billion on Tuesday for the Election Commission of Pakistan (ECP) to hold local government (LG) by-elections across the nation.

Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, presided over the ECC meeting, which also took into account a number of proposals from other sectors.

According to a press release here, the ECC reviewed and accepted an ECP summary for a grant of Rs. 1.317 billion in relation to the local government elections in Islamabad and Punjab and the LG by-elections in Sindh, Khyber Pakhtunkhwa, and Balochistan.

In several regions of the nation, the ECP is prepared to hold LG by-elections on November 14.

Also approved by the ECC was a summary of a Technical Supplementary Grant (TSG) of Rs. 16.995 billion filed by the Ministry of Communications (Postal Services Wing) to settle verified pending liabilities of Pakistan Post Office Department agencies and corporations.

As part of the FBR Transformation Plan, which was previously approved by the Prime Minister, the Federal Board of Revenue (FBR) submitted five separate reports to the ECC.

Through joint deliberation, the ECC also determined that the Finance and Revenue Divisions would determine the details of the five suggestions, including money allocation and release.

To upgrade the engines of two VVIP aircraft used by Prime Minister (PM) Shehbaz Sharif and President Asif Ali Zardari for official business, the ECC previously authorised a technical supplemental grant of Rs 1.8 billion.

According to a news release released here, “the ECC investigated and approved a Technical Supplementary Grant to the Ministry of Defence to the tune of Rs. 1.8 billion for overhaul of engines of two VVIP aircraft being utilised for state duties with the President and the Prime Minister of Pakistan.”

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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