Staff Report
ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) Wednesday approved the request of Ministry of National Food Security and Research for the provision of 500,000 MT of wheat to the Government of Khyber Pakhtunkhwa out of Pakistan Agriculture Storage and Services Corporation (PASSCO) stock during the crop year 2021-22.
All charges, including incidental charges will be borne by the Food Department, KP. Similarly the ECC also allocated 500,000MT imported wheat to Food Department, KP to meet the provincial requirement. Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of the Committee while Minister for Energy Hammad Azhar, Minister for Railways Azam Sawati, Minister for Economic Affairs Division Omar Ayub Khan, Minister for Maritime Affairs Ali Haider Zaidi,
Minister for National Food Security & Research Syed Fakhar Imam, Minister for Privatization Muhammad Mian Soomro, Adviser to the Prime Minister on Commerce Abdul Razak Dawood, Adviser to the Prime Minister on Institutional Reforms and Austerity Dr. Ishrat Hussain, SAPM on Power Tabish Gauhar, SAPM on Finance and Revenue, Dr. Waqar Masood, Governor State Bank of Pakistan Dr. Reza Baqir participated in the meeting.
ECC also approved the “Policy for Regulation of NGOs/NPOs receiving Foreign Contributions-2021”. The NGO Policy, 2021 has been designed with the aim to fostering a sense of partnership between government and non-government sectors. Furthermore, under the new policy approval process (for registration) will be completed within 60 days, maximum, through online submission of application and consultation, doing away with manual processing and eliminating long delays.
The new policy seeks to expand space for credible organizations for a playing an effective role in socio-economic development while detering NGOs with dubious credentials. ECC appreciated the efforts of Economic Affairs Division for designing the much needed policy and directed that any further suggestions/positive feedback from all the relevant stakeholders may also be incorporated in the policy and a report on the same may be shared with the forum in 4-8 weeks.
ECC approved the summary of Ministry of Energy (Petroleum Division) for allowing operational losses upto a maximum of 0.5% for gasoline transportation through WOP & MFM pipelines through Inland Freight Equalization Margin (IFEM). The same will be adjusted against actual based on physical inventory of pipelines to be undertaken periodically. The actual rate will be determined by Oil and Gas Regulatory Authority (OGRA) based on actual losses and excess margin would be brought before ECC.
ECC also approved the request of Ministry of National Food Security & Research for import of 3MMT of wheat subject to approval by PPRA Board for building up the strategic reverses of wheat in the country. ECC approved US$ 17.3m for PIA-IL for payment of recurring as well as one-off liabilities in respect of Roosevelt Hotel New York, USA, as verified by the Auditor and recommended by PIA-IL Board.
