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ECC approves net hydel profit for AJK similar to other provinces

byCT Report
20/03/2019
in Business, Latest News
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ISLAMABAD: Federal Finance Minister Asad Umar chaired the meeting of the Economic Coordination Committee of the Cabinet (ECC) here today.

During the meeting the committee was briefed by the Water Resource Division on the proposed arrangement for settling the electricity tariff and water usage charges issues with AJK. Secretary Water Resource Division stated that a detailed arrangement covering all aspects of the issue had been worked out in consultation with the government of AJK under the new arrangement AJK would be given a dispensation similar to the provinces.

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The committee noted that the proposed arrangement where AJK would set up its own DISCO and would receive water usage charges at the enhanced rate of Rs1.10/kwh was based on the principle of equality and endorsed the same.

The committee approved Supplementary Grant amounting to Rs.1795 million for Temporarily Dislocated Persons from North Waziristan in the wake of Operation Zarb-e-Azb. In order to meet the expenses of Capital Administration and Development Division (CADD), the committee approved Technical Supplementary Grant of Rs.202.637 million for CADD and Rs.12.409 million for Pakistan Chairs Abroad. Similarly, it approved Supplementary Grant of Rs.156.327 million for Ministry of Health Services, Regulation and Coordination and Rs.41.671 million for Ministry of Overseas Pakistanis and Human Resource Development.

It also approved the demand of cabinet division to release Technical Supplementary Grant of Rs14,844,256/- million.

The committee was briefed by Ministry of Science & Technology on the status of operationalisation of Pakistan Hilal Authority. The committee directed that the Prime Minister’s Adviser on Institutional Reforms and Austerity, Dr. Ishrat Hussain should review the matter of placement of the authority under the most relevant Ministry. Ministry of National Food Security & Research briefed the Committee on the implementation status of decision taken by the Committee last month for improvement of cotton crop in the country.

The committee also accorded approval to the proposal of Ministry of National Food Security and Research to extend the export period of surplus wheat from PASSCO’s stock. The Committee also approved the proposal of Ministry of Industries and Production to allocate 66 MMFCD Additional Mari Deep Gas to PPIB for power generation purposes.

 

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