Islamabad: The Economic Coordination Committee has approved a summary of the Ministry of Industries and Production for a mechanism for the sale of imported urea at a basket price along with locally manufactured urea.
Presiding over ECC meeting caretaker federal minister for finance, revenue and economic affairs Dr. Shamshad Akhtar approved the mechanism for weighted average price with the direction to National Fertilizer Marketing Limited NFML for ensuring reasonable prices for urea and the ministry of Industries & production to provide oversight to the whole process.
ECC approved the funds of Rs.250 million as a Technical Supplementary Grant (TSG) for up gradation, technical enhancement, and field activities of the Intelligence Bureau with releases on a need basis.
Intelligence Bureau sought the provision of additional funds of Rs. 250 million during the current financial year 2023-24. The Intelligence Bureau briefed the committee about recent surge of terrorism which needed effective counter measures to thwart the nefarious designs of terrorists.
ECC considered and approved the summary of National Health Services Regulation and Coordination for provision of Technical Supplementary Grant (TSG) amounting to Rs. 3,568.719 Million in favour of federal directorate of immunization (FDI), and urged the provinces to clear their pending liabilities.
ECC also considered the summary of finance division for signing the addendum to the Subsidiary Grant Agreement (SGA) regarding financial inclusion & infrastructure project and exemption from relending policy of release of funds to State Bank of Pakistan and accorded its approval.
A summary from Ministry of Inter Provincial Coordination was also tabled for approval of release of grant for participation of Pakistan’s Hockey team in international events and other sports promotion activities. ECC was told that this grant would also be utilised for Davis Cup (Tennis) with India and other mind games like scrabble and chess. The Committee approved provision of additional funds amounting Rs. 100 Million as Technical Supplementary Grant (TSG) for FY 2023-24.
The meeting was attended by the caretaker minister for privatization and inter provincial coordination Fawad Hasan Fawad, caretaker minister of planning, development and special initiatives Sami Saeed, deputy chairman planning commission Dr. Mohammad Jehanzaeb Khan, caretaker minister for law and justice, water resources and climate change Ahmed Irfan Aslam, Advisor to PM on finance Dr. Waqar Masood, federal secretaries, and other senior government officers of the relevant ministries.
