Federal Minister for Economic Affairs Division Omar Ayub Khan chairs a meeting of Economic Coordination Committee 

Islamabad, November 15, 2021 (PPI-OT):The Federal Minister for Economic Affairs Division (EAD) Mr. Omar Ayub Khan, on Monday chaired the Economic Coordination Committee (ECC) of the Cabinet meeting and took several important decisions. Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Secretaries and other senior officers participated in the meeting.

The ECC deliberated in detail the summary presented by the Ministry of Industries and Production on Small and Medium Enterprises (SMEs) policy 2021-25. The policy framework is based on reforming the policy and regulatory environment and addressing SME market constraints, both demand and supply side.

On a summary tabled by Ministry of Industries and Production seeking relaxation of PPRA rules for import of Urea, the ECC, after due deliberation recommended PPRA to give exemption of rules to TCP due to emergency for publishing a second tender advertisement, enabling TCP to republish the tender till fetching of a low prices during the Rabi session-2021-22.

The ECC also considered and approved the following Technical Supplementary Grants (TSGs): – Rs. 10 billion during FY 2021-22 under the Sustainable Development Goals Achievement Program (SAP). – Rs. 338 million during FY 2021-22 in favour of National Rahmatul-Lil-Aalameen Authority (NRA), Ministry of Federal Education and Professional Training.

Funds Rs. 5.85 billion in favour of Housing and Works to execute development schemes in Sindh and Baluchistan Provinces under (SAP). Funds Rs. 1.08 billion from PSDP to Interior Division for further release to ICT Administration. Rupee Cover Budget against US$ 200 Million (Equivalent to Pak Rs.35 billion) out of US$500 million committed by ADB for procurement of Covid Vaccine and Ancillary Goods and Services. Rs.134.783 billion for payment to IPPs on second instatement (60%) as per payment mechanism.

Rs. 4.785 billion in favour of Elections Commission of Pakistan for conduct of Local Government Elections in all provinces and for periodical revision of electoral rolls. Earlier, Adviser to Prime Minister on Finance and Revenue Mr. Shaukat Tarin, presided over the Technical Advisory Committee meeting of the ECC today.

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