The ECC met under the chairmanship of Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh.
The ECC deliberated upon various proposals and recommendations submitted the Divisions.
On the proposal of Power Division, ECC allowed additional supply of 150 MW power through National Grid to K-Electric. The Committee took this decision to address the power shortage in Karachi.
In order to provide additional power supply to the seven tribal agencies of ex-FATA. the Committee approved additional subsidy amounting to Rs.1.8 billion to Tribal Electric Supply Company (TESCO) for the month of Ramazan.
The Power Division informed the government had been paying electricity bills of the domestic consumers subsidy of Rs.1.3 billion per month.
The ECC also granted tax exemption to the projects being constructed under Saudi Fund for Development Grant.
Secretary Ministry of National Food Security and Research gave a presentation to the Committee. He also updated to the committee about the availability of wheat stock in the country. The Secretary informed that the Punjab govt and PASSCO procuring wheat.
The ECC approved procurement target of wheat crop for the year 2018-19 to the tune of 5.15 million tons. The committer also approved the financial limit of Rs.158.5 billion for the procurement.
On the proposal of Ministry of Maritime Affairs, the ECC waived off demurrage on the consignments of rice.
The Committee also approved Technical Supplementary and Supplementary Grants for different Ministries/Divisions.