ECC approves Rs9.8bn supplementary grants

Published June 24, 2021
ISLAMABAD: Finance Minister Shaukat Tarin is chairing a meeting of the Economic Coordination Committee of the Cabinet on Wednesday.—PPI
ISLAMABAD: Finance Minister Shaukat Tarin is chairing a meeting of the Economic Coordination Committee of the Cabinet on Wednesday.—PPI

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet kept on approving technical supplementary grants just a couple of days ahead of expected approval of the federal budget later this week.

Presided over by Finance Minister Shaukat Tarin, the ECC was called without any other agenda except to approve five technical supplementary grants (TSG) having total allocation of Rs9.856bn.

The meeting approved TSG worth Rs9.393bn for Covid-19 Response and Other Natural Calamities Control Programme (Sindh Component) and Rs300 million TSG for allocation from Public Sector Development Programme (PSDP) for establishment of Joint Border Markets at Mand District Kech, Gabd District Gwadar and Chedgi, District Panjgur in Balochistan at the rate of Rs100m each.

The meeting also approved two TSGs of about Rs124m demanded by the Ministry of Interior including a Rs98.7m to meet the requirements of Frontier Corps KP (South), D.I. Khan and Rs25m for Headquarters of Pakistan Rangers Islamabad.

The ECC also approved a TSG of Rs39.058m to Pakistan Institute of Development Economics (PIDE) to meet a financing gap in payment of salaries as well pensions to its employees.

A few days ago, the Ministry of Finance had sought post-facto approval of a record Rs1.248 trillion supplementary grants for expenditure overruns and re-appropriation with the caveat that the requests for these grants had been received by May 7, 2021. The parliament was told that further requests for supplementary grants and re-appropriations would be updated before the passage of federal budget 2021-22.

Published in Dawn, June 24th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...