The Economic Coordination Committee (ECC) has on Wednesday approved 11.7 billion rupees as the share of the Federal Government for the establishment of four mother and child hospitals in Punjab.
The ECC meeting was chaired by Federal Minister for Finance and Production Hammad Azhar alongside Minister for Planning, Development Asad Umar and others in Islamabad.
The ECC has granted approval to the withdrawal of Customs Duty on import of Cotton Yarns to assure a smooth supply of cotton and cotton yarns to the value-added industry and to bring down the gap between domestic production and overall demand for the inputs.
Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar @Hammad_Azhar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet-For details https://t.co/TbByp4rjSX pic.twitter.com/S0KVugDp4w
— Ministry of Finance (@FinMinistryPak) April 14, 2021
The Committee also gave approval of the Monthly Production Plan as a cost-effective solution, enabling the Power and Gas purchasers to make requisite purchases in line with actual requirements instead of following a fixed arrangement.
The ECC also approved a Technical Supplementary Grant for Finance division amounting to Rs.11.7 billion as the share of the Federal Government for the establishment of four mother and child hospitals in Punjab.
Earlier, the newly-appointed Finance minister Hammad Azhar held a meeting with the Country Director of World Bank Group Najy Benhassine to discuss overall financial matters.
While speaking on the occasion, Finance Minister Hammad Azhar reiterated the firm commitment of the Government in implementing the reform agenda.
He also lauded World Bank’s IDA financing for the Crisis-Resilient Social Protection (CRISP) Program and appreciated the World Bank’s funding for Prime Minister’s Green Stimulus Initiative to boost green jobs for workers who have been laid off during COVID-19.