Staff Report
ISLAMABAD: The Economic Coordination Committee ECC of Cabinet on Tuesday approved PKR 15 billion for the Election Commission of Pakistan (ECP) to make arrangements to conduct the upcoming general elections in Pakistan.
Minister for Finance Senator Ishaq Dar chaired the meeting. According to a handout released by the Finance Division, out of PKR 15 billion, PKR 5 billion will be released immediately to ECP, while the balance will be released in tranches after utilizing the initially released amount.
ECC Approves Credit Guarantee Trust Scheme for Low-income Housing
The ECC Eallowed the launching of the Credit Guarantee Trust Scheme, a new scheme for low-income housing via a Second Supplemental Trust Deed with an amount of $85 million US dollars to be obtained from the World Bank (WB). The scheme will offer risk cover to financial institutions against their investments in the country’s housing sector.
ECC Approves Tobacco Prices for 2023 Crop
The The Economic Coordination Committee EEconomic Coordination Committee Eapproved PKR 310 per kilogram tobacco price for plain Areas, PKR 351 for Sub-mountainous Areas, PKR 190 for Dark Air-Cured Tobacco, PKR 223 for Burley, PKR 146 for Naswar/ Snuff/Hookah and other Rustica tobacco and its products, PKR 200 Sun Cured Virginia minimum indicative prices, and PKR 146 White Patta for various types of tobacco for different areas for the year of 2023 crop of tobacco.
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The Economic Coordination Committee Ealso discussed a summary of the Ministry of National Food Security & Research submitted on Kissan Package-2022. After deliberation, Economic Coordination Committee Eapproved a base tariff for electric tube wells at PKR 13/kWh from PKR 16.60/kWH, providing relief to PKR 3.60/kWh farmers effective from November 1st, 2022, to compensate for the damage caused by the recent flash floods and torrential rains.
