The cabinet meeting, chaired by Prime Minister Kakar, ratified decisions taken in the ECC meeting.
The Economic Coordination Committee (ECC) approved Rs 7,492.75 million proposed for subsidy in account of Ramazan Relief Package 2024 to the targeted beneficiaries of the Benazir Income Support Programme (BISP), which is provided for in the budget for 2023-24.
The ECC also approved a proposal regarding “Permission to Import Wheat and Export of Wheat Flour under Export Facilitation Scheme 2021” presented to the forum by the Ministry of Commerce.
The committee approved a summary of the Ministry of Commerce (Tariff Policy Wing), regarding “Individual Tariff Rationalization Proposals from Different Sectors for Review of Custom Duties” and advised that tariff rationalization should be coordinated with the trade policy.
The ECC also approved a summary of the Power Division regarding the “Commissioning of 1263 MW CCPP Punjab Thermal Power (Pvt) Limited, Jhang (PPTL)”.