Finance Advisor Abdul Hafeez chaired meeting of ECC

Islamabad: The Economic Coordination Committee (ECC) has recommended for submission on Monday to the federal cabinet a set of amendments proposed by the Ministry of Energy to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997.

According to the sources, A session of the Economic Coordination Committee (ECC) held under the chair of Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh has concluded where the members gave approval to the amendments in Generation, Transmission and Distribution of Electric Power Act, 1997.

The meeting was informed that the proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997 were aimed at bringing more clarity and precision in the market operation, uniformed tariff, timely submissions and determination of quarterly and annual tariffs.

Good News! ECC grants subsidy of Rs 6 bn for Utility Stores Corporation

Earlier in the last month, Economic Coordination Committee (ECC) has approved grant of six billion rupees subsidy for Utility Stores Corporation (USC) of Pakistan for procurement of essential commodities, including flour, sugar, ghee,oil, pulses and rice.

The ECC, which met in Islamabad on Monday with Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair, approved the subsidy.

These essential items will be available for general public on subsidized rates at Utility Stores to facilitate common people across Pakistan.

ECC also approved reallocation of a fund of supplementary grant of over four billion rupees lapsed last year under the Sustainable Development Goals Achievement Programme.