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In a major transfer, the federal cupboard, underneath the chairmanship of caretaker Prime Minister (PM) Anwaar ul Haq Kakar, gave its nod to the Ramzan Reduction Bundle 2024, allocating a powerful Rs7.49 billion because the holy month approaches.
This choice, ratified throughout a latest cupboard assembly, displays the federal government’s dedication to offering monetary assist to the residents in the course of the auspicious month of Ramzan.
The cupboard’s approval follows the Financial Coordination Committee’s (ECC) endorsement of a proposed subsidy of Rs7,492.75 million for the Ramzan Reduction Bundle 2024.
This monetary help is designated for the focused beneficiaries of the Benazir Revenue Assist Programme (BISP), as outlined within the finances for the fiscal 12 months 2023–24.
Through the assembly, the ECC additionally greenlit a proposal associated to the “Permission to Import Wheat and Export of Wheat Flour underneath Export Facilitation Scheme 2021,” which was offered by the Ministry of Commerce.
This choice displays the federal government’s proactive measures to make sure the soundness of wheat provide and the facilitation of wheat flour exports.
Furthermore, the ECC sanctioned a abstract from the Ministry of Commerce (Tariff Coverage Wing) addressing “Particular person Tariff Rationalisation Proposals from Totally different Sectors for Assessment of Customized Duties.”
The committee suggested that tariff rationalisation ought to be rigorously coordinated with broader commerce coverage to make sure a balanced and strategic strategy.
In one other key growth, the ECC authorised a abstract from the Energy Division regarding the “Commissioning of 1263 MW CCPP Punjab Thermal Energy (Pvt) Restricted, Jhang (PPTL).”
This choice underscores the federal government’s dedication to enhancing energy era capability and assembly the vitality wants of the nation.
The selections taken in the course of the cupboard assembly reveal the federal government’s dedication to addressing financial challenges, offering aid to susceptible segments of society, and fostering sustainable growth throughout numerous sectors.
Because the holy month of Ramzan approaches, these initiatives goal to make sure the well-being and prosperity of the Pakistani inhabitants.
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