- Finance Minister Dr. Shamshad Akhtar chaired the ECC meeting.
- Approval of Rs 20 billion credit facility for green corporate initiatives.
- ECC increased electricity tariff adjustment by Rs 1.72 per unit.
ISLAMABAD: Economic Coordination Committee (ECC) approved quarterly tariff adjustment of Rs 1.72 per unit for K-Electric, government guarantee of Rs 100 billion for Pakistan State Oil (PSO) and credit facility of Rs 20 billion for Punjab’s Green Corporate Initiative. Permission has been granted. news Reported on Saturday.
According to an official announcement, Federal Finance Minister Dr Shamshad Akhtar chaired the ECC session, which was also attended by other federal ministers and senior officials.
The meeting considered the summaries presented by various ministries including the Ministry of Home Affairs, Ministry of Maritime Affairs, Ministry of Power (Power Division), Ministry of Energy (Petroleum Division), Ministry of Poverty Alleviation and Social Security and Ministry of Defence.
The approval for KE tariff adjustment was given by the Ministry of Power after deliberating on the summary submitted in respect of “Equivalent Quarterly Tariff Adjustment for KE Electric Consumers of XWDISCO 2nd and 3rd Quarter FY 2023”.
After detailed discussion, it was decided by the ECC that tariff rationalization through adjustment for KE will be applicable to the consumption of July, August and September 2023 in line with similar QTA application guidelines already issued to NEPRA. from K-Electric consumers in December 2023, January 2024 and February 2024 respectively.
Further, application of second QTA of Rs 0.4689/unit of XWDISCOs already approved for K-Electric consumers, in line with similar QTA application guidelines already issued to NEPRA, will be applicable on April, May and June consumption. Rs 2023 will be recovered from K-Electric consumers in December 2023, January 2024 and February 2024 respectively.
The participants also discussed the summary presented by the Ministry of Maritime Affairs regarding “Revision of Lighthouse Dues” and after a detailed discussion, the lighthouse dues under Section 10(1) were revised from Rs 7/NRT to Rs 20/NRT. Decided to do. Lighthouse Act, 1927.
Also approved was a summary submitted by the Ministry of Energy seeking extension of the government guarantee limit of Rs 100 billion in favor of PSOs till December 2024, subject to the approval of the terms and conditions of each financing facility by the Finance Division on renewal. Was.
The proposal for disbursement of Rs 20 billion deposited in the account of the Federal Government by the Finance Department of the Government of Punjab for further disbursement to the Green Corporate Initiative (Pvt) for the Green Pakistan initiative was also discussed.
The ECC approved the disbursement with the observation that provincial governments may directly engage with companies working under the Green Pakistan initiative for future disbursements.
Another summary submitted by the Ministry of Poverty Alleviation and Social Security regarding “Grant of Special Relief Package to Daily Wage Workers at Chaman Border” was also considered.
After detailed discussion and deliberations, the ECC asked the BISP to examine the cases of 8,000 registered daily wage workers employed at the Chaman border to see if they were already in its system and seek advice from it. Provide assistance to eligible people from your allocated budget. Finance Department, Government of Balochistan for subsequent reimbursement of the amount spent on providing six months assistance to daily wage workers.
The summary submitted by the Ministry of Home Affairs regarding technical supplementary grant amounting to Rs 47.45 million within the sanctioned budget for repairs and maintenance during CFY 2023-24 was considered and approved.
Originally published in news
