‘No interest payments from PM relief fund’

Updated May 22, 2020

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Finance ministry says Rs10bn is being diverted from Rs1.2 trillion fiscal package, not PM's relief fund. — AFP/File
Finance ministry says Rs10bn is being diverted from Rs1.2 trillion fiscal package, not PM's relief fund. — AFP/File

KARACHI: The finance ministry said on Thursday that the Rs10 billion that was being diverted to help make interest payments to the power sector will not come from the Prime Minister Covid Relief Fund but from the fiscal stimulus package totalling Rs1.2 trillion that was announced by the government in the month of March.

“The ECC decision was to allocate Rs10bn towards the interest payment of Rs200bn PES II issued on May 20, 2020, from the fiscal stimulus package of Rs1.2tr,” the statement released on Thursday said. “The government had earmarked Rs100bn for relief on power and gas for the citizens of Pakistan in the fiscal stimulus package.”

Published in Dawn, May 22nd, 2020