ECC approves grant of Rs37.33b to clear outstanding liabilities

The Economic Coordination Committee has authorized a grant for 37.33 billion rupees for the Ministry of Communications to clear outstanding liabilities.

The Committee, which convened in Islamabad on Friday and was chaired by Finance Minister Miftah Ismail.

He also authorized 620.85 million rupees for the Ministry of Industries and Production to pay off 8 months of overdue gas bills.

After a comprehensive deliberation on a proposal of the Ministry of Commerce, the forum also allowed a levy of 10 percent regulatory duty on the import of Motor Spirit.

It also authorized extra grants of 40.5 billion rupees for the Ministry of Commerce for SBP-cleared payment claims, 2.214 billion rupees for the Federal Directorate of Education, and 300 million rupees for the National Commission for Human Development.