Abdul Hafeez chairs meeting of Economic Coordination Committee

Atta Ur Rehman KhanWeb Editor & Columnist

22nd Apr, 2020. 06:03 pm
Abdul Hafeez sheikh

Advisor Finance chaired the meeting of Economic Coordination Committee (ECC).

The sources said that ECC approves Rs 75 billion for Ehsas program.

Under the Ehsas program, the money will be distributed to eligible people, sources

The sources further said that The meeting will also consider giving approval to EOBI’s budget proposal for the current fiscal year 2019-20

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Earlier on Jan 6, The Economic Coordination Committee (ECC) has recommended for submission 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.

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