Double Click 728 x 90
Double Click 900 x 250

Federal Cabinet approves relief package of worth 75 billion


Syed Umarullah HussainiWeb Editor

28th Apr, 2020. 02:57 pm
Double Click 160 x 600
Federal Cabinet

Federal Cabinet has ratified decisions taken by the Economic Coordination Committee, including approval of a relief package of worth 75 billion rupees to provide financial assistance to labourers and daily wagers, who lost their jobs due to coronavirus pandemic.

As per details, the cabinet approved package worth Rs 75 billion rupees to resolve issues of working capital of those small businesses massively affected due to lockdown. As part of the initiative, the government will bear electricity expenses of small businesses across Pakistan for three months.

The initiative also aims to provide relief to laborers and daily wagers, who got unemployed due to coronavirus pandemic.

Meeting held in Islamabad on Tuesday under the chair of Prime Minister Imran Khan.

Similarly, small businesses having a commercial connection of less than five kilowatt and industrial consumers less than 70 kilowatts can benefit from the initiative, under which the government will pay electricity bills for the months of May, June and, July.

The sums deposited in their bills will stay valid for utilization up to six months.

The sum will be based on actual consumption and total payments made from the meter in May, June, July 2019 period combined

Double Click 300 x 250

Download BOL News App for latest news