ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved an amount of Rs.96 million for the payment of three months’ salaries to the employees of Pakistan Machine Tool Factory (PMTF) Karachi.
It also approved the Standardized Security Documents for Coal Power Projects under the Policy for Power Generation Projects 2015. It approved Supplemental Agreement with the provision that the revolving account (equal to 22% of monthly invoicing) for the CPEC power projects be opened and maintained by the power purchaser for which the Ministry of Finance would provide the guarantee to fund such revolving account in case the power purchaser failed to place and / or maintain the required funds in such account.
