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ECC okays Rs90bn payment to IPPs - Newspaper

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. ....

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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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ECC Approves First Installment to 35 IPPs

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. ....

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Another 0.5 million vaccine doses arrive in Pakistan

Another 0.5 million vaccine doses arrive in Pakistan
Pakistan
Thu, Apr 22, 2021
A medical worker fills a syringe with a dose of Chinese-made Sinopharm vaccine at Isolation Hospital and Infections Treatment Center in Islamabad. Online/File
A Pakistan Air Force plane carrying 500,000 Chinese-based company SinoVac s vaccine doses has landed at the Nur Khan Airbase in Islamabad, the National Command and Operation Centre (NCOC) announced Thursday.
The NCOC, in a statement, said Pakistan has paid for the vaccine doses, clarifying that it was not via donation from China.
The Drug Regulatory Authority of Pakistan (DRAP), earlier this month, had granted emergency authorisation to the SinoVac s vaccine CoronaVac. ....

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NCOC eases vaccination process for people above age 65

NCOC eases vaccination process for people above age 65
By
Friday Apr 09, 2021
A view of the newly constructed building for COVID-19 vaccination centre at Isolation Hospital and Infections Treatment Center in the federal capital on April 8, 2021. Online/File
People over 65 years can get inoculated at any vaccination centre.
They have to carry their CNICs to get the vaccine.
5,312 new cases emerged in the country today.
The National Command and Operations Centre (NCOC) Friday renewed the guidelines for the inoculation of coronavirus vaccine in the country, as it eased the process for people over 65 years of age.
Pakistan has kick-started its vaccination drive, with government and private hospitals working to inoculate the masses. ....

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