- Home
- Pakistan
- News
- Economic Coordination Committee approves Rs 20 bln for overhauling of PIA aircraft engines
Economic Coordination Committee Approves Rs 20 Bln For Overhauling Of PIA Aircraft Engines
Umer Jamshaid Published May 11, 2018 | 03:56 PM
The Economic Coordination Committee on Friday approved the provision of an additional guarantee of Rs. 20 billion for Pakistan International Airlines Corporation Limited to meet expenditure for the overhauling of aircraft engines
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th May, 2018 ) :The Economic Coordination Committee on Friday approved the provision of an additional guarantee of Rs. 20 billion for Pakistan International Airlines Corporation Limited to meet expenditure for the overhauling of aircraft engines.
The meeting, which was held here at PM's Office and chaired by Prime Minister Shahid Khaqan Abbasi, directed the Aviation Division and the Finance Ministry to ensure that the financing support approved by the ECC was strictly utilized only for the defined purpose.
The Chief Executive Officer of the PIACL briefed the meeting about the progress made so far in the efforts to turn around national flag carrier and to reduce its losses.
The ECC approved the supply of 35,000 metric tons of wheat from PASSCO to the World food Programme for distribution amongst the Temporary Displaced Persons of FATA.The meeting approved a proposal for introducing necessary amendments in the OGRA Ordinance 2002 to cover the entire LNG/RLNG supply chain in the OGRA regulatory framework and to remove anomalies in the dispatch, receipt and billing of RLNG volumes.
The body also approved, in principle, exemption of regulatory duties on import of fresh fruits, vegetables and dry-fruits from Afghanistan which was announced by the prime minister during his visit to Afghanistan.
Related Topics
Recent Stories
Electric bikes for students: Over 72applications received
PSL Commissioner Naila Bhatti steps down
5th Women T-20I: Pakistan to face West Indies today
Pakistan confirm South Africa tour details
Ranbir Kapoor showers praise on beauty of Mahira Khan
ICube Qamar: Pakistan successfully launches first lunar mission
Deputy PM Dar calls for OIC's joint action to confront rising Islamophobia
Bus Plunge in Chilas Claims 20 Lives
Pakistan to launch first lunar orbit mission 'ICUBE-Qamar' today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 3 May 2024
Today Gold Rate in Pakistan 03 May 2024
Dar for joint action to counter Islamophobia in context of Israeli aggression ag ..
More Stories From Pakistan
-
15 dead , 1406 injured in 1280 road accidents in Punjab
8 minutes ago -
WASA cuts off water supply, sewerage connection of 18 colonies
38 minutes ago -
3 shopkeepers booked over profiteering
38 minutes ago -
Abdul Hameed posted DG Agriculture (Extension) Punjab
38 minutes ago -
Refund claims must be made part of upcoming budget: FCCI
38 minutes ago -
Hajj flight operations: Detailed schedule, departure statistics unveiled
38 minutes ago
-
PM optimistic for a polio-free Pakistan very soon
38 minutes ago -
Korean industrialists' delegation visits FCCI
38 minutes ago -
Pakistan's historic lunar mission launched onboard China's Lunar probe
38 minutes ago -
Bishop thanks 'Church in Need' for rehabilitation of displaced families
38 minutes ago -
Advisor to CM on Social Welfare briefed about problems of vulnerable segments
48 minutes ago -
Four booked over water theft
48 minutes ago