Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, presided over the meeting, which evaluated and accepted proposals from several Government Ministries and Divisions.
The ECC approved increasing PASSCO’s wheat purchase objective from 1.4 million metric tonnes (MMT) to 1.8 MMT, plus an additional Rs 41.5 billion.
The permission would enable PASCCO to expand its current wheat buying campaign. The ECC also accepted the Ministry of Industries and Production’s application to import 200,000 MTs of Urea fertilizer to meet Kharif 2024 requirements.
Mr. Jam Kamal Khan, Minister for Commerce, Mr. Musadik Masood Malik, Minister for Petroleum, Mr. Abdul Aleem Khan, Minister for Industries & Production, Rana Tanveer Hussain, Chairman SECP, Dy Chairman Planning Commission, Federal Secretaries, and other senior government officials from the relevant ministries were present at the meeting.
Mr. Ahad Khan Cheema, Minister for Economic Affairs, and MD PASSCO both attended the meeting online.
The ECC also approved the Ministry of Industries and Production’s request to pay PSM workers’ salaries and asked it to submit a clear plan for the asset’s future use, including dates.
The committee also approved the Power Division’s request to release budgeted expenditures to settle tariff differential subsidy arrears of Rs. 70 billion for KE and Rs 55 billion for AJK.
The ECC approved a summary authorizing BISP to use funds from its assigned budget to finance the Special Relief Package for Daily Wage Workers on the Chaman Border, emphasizing the government’s support for the vulnerable population.
The ECC also considered and approved proposals for technical supplementary grants, including Rs. 4.8 billion for the Pakistan Atomic Energy Commission, Rs. 5.8 billion for the Earthquake Reconstruction & Rehabilitation Authority, Rs. 3.2 billion for the Finance Division, Rs. 162 million for the Ministry of Housing & Works, and Rs. 2.2 billion for the Ministry of Interior’s FATA TDP-ERP project.
