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Minister for Finance Senator Mohammad Ishaq Dar presided over the assembly of the Financial Coordination Committee in Islamabad.
The ECC permitted the Kissan bundle as proposed by the Ministry of Nationwide Meals Safety and Analysis submitted on Kissan Bundle-2022. Inter-alia the bundle 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 Power, 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 consequence of ongoing sowing season and rehabilitation efforts after the floods within the nation.
The discussion board additionally thought of the abstract of Ministry of Power, Energy Division on standardized safety bundle agreements for large-scale photo voltaic PV initiatives for substitution of pricey imported fossil fuels primarily based energy technology underneath the framework and permitted the abstract besides particular cost mechanism and quarterly indexation as was proposed within the Abstract.
The ECC after detailed dialogue permitted 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 parts of curiosity free microloans and agriculture loans have been added within the new scheme.
The ECC permitted the abstract of Ministry of Nationwide Well being Providers, Laws 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 12 months 2022-23.
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