ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar will chair the session of the Economic Coordination Committee (ECC) of the federal cabinet on Wednesday (tomorrow). Sources told that the agenda items include the fixation of wheat support price for the next season. The ECC is likely to approve Rs262 billion technical supplementary grant for the government-run power plants.
Moreover, the committee is expected to approve an advance subsidy worth Rs57 billion for K-Electric.
The agenda items also include the disbursement of additional Rs250 million funds for the Intelligence Bureau (IB) during the current fiscal year.
Sources added that the ECC will also review tobacco cess rate for the next fiscal year. In the previous session, the Economic Coordination Committee (ECC) of the Cabinet approved the draft of a key agreement between K-Electric (KE) and the government of Pakistan entities.
The ECC took up the matter of approval of the draft of Power Procurement Agency Agreement (PPAA), Inter-Connection Agreement (ICA), Tariff Differential Subsidy (TDS) Agreement and Mediation Agreements to be signed with K-Electric. –Agencies
