ECC expected to approve Karachi transformation package

The Economic Coordination Committee (ECC) of the Cabinet is expected to approve the Karachi Transformation Plan.

According to the details, the meeting will be chaired by Finance Minister Abdul Hafeez Sheikh. The committee deferred the matters related to the Karachi Transformation Plan in its previous two sessions.

The ECC meeting is also likely to approve the issuance of $500 million for Mohmand and Diamer-Bhasha dams. The meeting will also consider a six-point agenda.  The meeting is also likely to approve a technical supplementary grant of Rs 0.5 billion for the Ministry of Housing.

In the meeting, the Ministry of Maritime Affairs will present the matter of construction of new terminals on the build, operate and transfer (BOT) basis to the committee.

The ECC members will also mull over matters related to loans and financial needs of the Gas Infrastructure Development Cess (GIDC) Government Holding Limited

Back on December 16, the Economic Coordination Committee of the Cabinet had approved Mobile Device Manufacturing and Electric Vehicles Policy for two and three-wheelers.

The meeting also approved a supplementary grant of Rs. 305.4 million for the contribution of the World Health Organization (WHO) of Pakistan and a supplementary grant of Rs. 106.7 million for the projects of the Islamabad administration.