- The meeting of the Economic Coordination Committee (ECC) of the Cabinet was held here
The Meeting Of The Economic Coordination Committee (ECC) Of The Cabinet Was Held Here
The meeting of the Economic Coordination Committee (ECC)of the Cabinet was held here WEDNESDAY with Finance Minister, Asad Umar, in the chair
Islamabad (UrduPoint / Pakistan Point News / Online - 17th April, 2019) The meeting of the Economic Coordination Committee (ECC)of the Cabinet was held here WEDNESDAY with Finance Minister, Asad Umar, in the chair.The Committee reviewed proposals of various Ministries/Divisions.
The Committeealso considered and approved various demands of Division Ministries forSupplementary and Technical Supplementary grants.Industries and Production Division gave a presentation to update theCommittee about status of Ramzan Package.
The Committee directed UtilityStores Corporation (USC) to expedite the procurement of essential consumeritems so as to provide timely relief to the people in Holy Month ofRamazan. ECC constituted a four-member Committee to be headed by RailwaysMinister, Sheikh Rashid Ahmed, to oversee the implementation of RamazanPackage.The Ministry of Petroleum briefed the ECC on the implementation of theCommittee's decision regarding utilization of services of Pakistan Railwaysfor transportation of petroleum products across the country.
The Ministryof Railways informed the Committee that it had the capacity to carry highervolumes and would work with the Ministry of Petroleum to explore furtherpossibilities.
The ECC approved, in principle, the proposal of Ministry of Information &Broadcasting for media campaign aiming to disseminate information relatingto initiatives on Poverty Alleviation, Sehat Insaaf Scheme, PM's NayaPakistan Housing Scheme etc.The Committee also directed the Ministry of Finance and National Bank ofPakistan to extend maximum facilitation to the USC in this regard.
TheFinance Minister said that the budgetary needs of many organizations hadnot been properly assessed at the time of preparation of budget estimatelast year which was leading to a large number of demands for SupplementaryGrants.
He emphasized the need for proper budgeting of the financial needsof various departments, which would obviate the need for SupplementaryGrants during the Currency of the fiscal year. He stated that thegovernment is determined to phase out the supplementary grants in thefuture budgets.