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In this file photo, federal Minister for Finance and Revenue Shaukat Tarin chairing a meeting of the Economic Coordination Committee of the cabinet. PPI/File
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet is scheduled to meet here on Wednesday (today) to decide outstanding issues of K-Electric’s payables and receivables and National Security Certificate (NSC) for the power utility’s further sale to a Chinese firm besides the launch of second phase of Ehsaas Emergency Cash programme.
To be presided over by Finance Minister Shaukat Tarin, the ECC meeting would also take up exemption from minimum turnover tax under Special Economic Zones Act 2012, condone the delay of late shipment of vehicles imported by overseas Pakistanis and approve a number of supplementary grants including one for supply of natural gas to Allama Iqbal Industrial City Special Economic Zone.
Minister for Finance and Revenue Shaukat Tarin presided over the ECC meeting. Photo courtesy Radio Pakistan
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved payment of Rs90 billion to 35 independent power producers (IPPs). The ECC also decided to give a last chance to K-Electric (KE) for settling Rs212bn payments and inking an agreement for additional power intake from the national grid on timely payments.
The ECC meeting, presided over by Minister for Finance and Revenue Shaukat Tarin, also approved lowering taxes on Chinese investors of hydropower projects in Azad Jammu & Kashmir (AJK), exempting the import of oxygen and related equipment from duties and taxes besides an additional Rs27.5bn grant for disaster management schemes in Karachi.
ECC Approves First Installment to 35 IPPs
The Economic Coordination Committee of the cabinet on Wednesday approved payment of the first installment to 35 IPPs out of a total 47, whereas payment to the remaining 12 IPPs (under Power Policy 2002) may be withheld owing to the NAB investigation.
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the Economic Coordination Committee (ECC) of the Cabinet today.
Power Division presented a summary before the ECC regarding the release of the first installment of payment to IPPs. Secretary Power Division briefed the Committee about the recommendations of the sub-committee constituted during ECC last week. The ECC approved payment of the first installment to 35 IPPs out of total 47 whereas payment to the remaining 12 IPPs (under Power Policy 2002) may be withheld owing to the NAB investigation.
Nigerian JF-17 deliveries apparently complete
Written by Guy Martin -
A Pakistan Air Force Il-76 used to deliver JF-17s to Nigeria.
The Nigerian Air Force has apparently taken delivery of its third and final JF-17 Thunder fighter from Pakistan.
Photos emerged on social media on 29 April showing a Pakistan Air Force Il-76 transport aircraft (R09-001) apparently at Makurdi Air Force Base. Flight tracking data shows the aircraft departed Pakistan on 28 April, heading for Africa.
Unconfirmed sources state all three JF-17s have now been delivered, with the most recent aircraft being reassembled.
The first JF-17 was delivered around 21 March, again aboard Il-76 R09-001.