Minister for Finance Senator Mohammad Ishaq Dar presided over the assembly of the Financial Coordination Committee in Islamabad.
The ECC authorized the Kissan package deal as proposed by the Ministry of Nationwide Meals Safety and Analysis submitted on Kissan Bundle-2022. Inter-alia the package deal consists of, enhancement of agriculture mortgage disbursement from 1,419 billion to 1,802 billion, discount in DAP value from 13,750 rupees to 11,250 rupees per bag and Curiosity free loans to transform three lac tube wells to photo voltaic.
Ministry of Vitality, Petroleum Division submitted a abstract on Excessive Velocity Diesel/Gasoline Oil premium and shared that the demand for HSD has been considerably elevated as a result of ongoing sowing season and rehabilitation efforts after the floods within the nation.
The discussion board additionally thought of the abstract of Ministry of Vitality, Energy Division on standardized safety package deal agreements for large-scale photo voltaic PV tasks for substitution of pricey imported fossil fuels based mostly energy technology underneath the framework and authorized the abstract besides particular cost mechanism and quarterly indexation as was proposed within the Abstract.
The ECC after detailed dialogue authorized proposal of Finance Division for revision and renaming of Prime Minister’s Kamyab Jawan-Youth Entrepreneurship Scheme as Prime Minister’s Youth Enterprise & Agriculture Mortgage Scheme with a view to make it extra purposeful and useful for small companies and agriculture. New elements of curiosity free microloans and agriculture loans have been added within the new scheme.
The ECC authorized the abstract of Ministry of Nationwide Well being Providers, Rules for technical Supplementary Grant as rupee cowl for the remaining quantity of ADB Financing Settlement of USD 12.20 million equal to Pakistani Rupee 2,928 million (out of USD 500 million dedicated by ADB), for procurement of COVID-19 vaccine and discharging legal responsibility of COVID-19 marketing campaign throughout present monetary yr 2022-23.