Pakistan Govt Likely to Approve Rs8.3bn Ramazan package today
The Economic Coordination Committee (ECC) of the Cabinet is expected to allow on Tuesday (today) the signing of $232 million worth of debt relief pacts with 10 members of the G20 countries and Rs8.3 billion worth of Ramazan relief package.
To be presided over by Finance Minister Shaukat Tarin, the ECC meeting will take up a seven-point agenda, including the approval of a letter of comfort and re-issuance of an existing bank guarantee to Faysal Bank Ltd for a new financing agreement for Pipeline Infrastructure Development Project LNG-II.
Although not on the agenda, the ECC may also take up a summary on the creation of a revolving fund for payments to Chinese independent power producers (IPPs).
The meeting is also expected to approve a supplementary grant of Rs3.5bn for the launch of the Pak University of Engineering and Emerging Technologies (PUEET) in Prime Minister House.
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