ISLAMABAD: The Economic Coordination Committee of the Cabinet has approved the issuance of second revised government of Pakistan sovereign guarantees up to Rs30.612 billion for the 425 MW Nandipur power project.
The ECC gave this approval after detailed briefing by the Ministry of Water and Power. These guarantees will remain valid till May 31, 2017. Federal Minister Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s office.
The ECC considered and approved the summary moved by the Ministry of States and Frontier Regions for the provision of 50,000 metric tons of wheat costing Rs2.007 billion to the United Nations World Food Program for the temporarily displaced people of FATA and Khyber Pakhtunkhwa.
The approved quantity will be distributed to the target population from December 2016 to June 2017. It is worth mentioning that the quantity is the second such approval after the provision of 124,000 metric tons of wheat costing Rs4.977 billion to the displaced population; the stocks from the earlier grant will be exhausted in November as reported by the World Food Program.
In view of the growing needs of the country for energy, ECC considered and approved the proposal, sent by the Ministry of Petroleum and Natural Resources, for the setting up of the LPG air mix plants at Murree (Kurbagla, Dewal, Company Bagh and Tret), Awaran and Bella at an estimated cost of Rs1353.29 million to be funded by the respective gas utility companies (SSGC and SNGPL) through their own resources.
