‘No interest payments from PM relief fund’

Published May 22, 2020
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

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...