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ECC allows provision of 500,000 MT wheat to KP during 2021-22

ECC allows provision of 500,000 MT wheat to KP during 2021-22
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Govt to launch second phase of Ehsas Cash Programme soon: Sania

ECC green-lights Rs20b for Chinese vaccine

ECC approves Rs90 billion payment to 35 IPPs

ECC approves Rs90 billion payment to 35 IPPs Business May 6, 2021 ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved Rs90 billion as the first installment of outstanding payments to 35 independent power producers (IPPs) and withheld disbursal for 12 IPPs under the NAB investigation. The ECC also approved targeted subsidies mechanism for power sector in principle and directed to finalize modalities to link it with Ehsaas program. When asked about the possibility of $1.5 billion program approval from the World Bank till end June 2021, Minister for Finance Shaukat Tarin said the power tariff could not be hiked but the targeted subsidies were approved because it was prior action of WB’s loan program. Tarin said the power tariff could not be increased and the WB’s high-ups are empathetic about it.

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