ECC consents gifting 40,000 metric tons of wheat to Afghanistan

F.P. Report

ISLAMABAD: Federal Finance Minister Asad Umar on Friday chaired a meeting of Economic Coordination Committee (ECC) and it approved to gift 40,000 metric tons of wheat to Afghanistan.

The ECC meeting also endorsed the release of funds to Pakistan Poverty Alleviation Fund (PPAF) for the Benazir Income Support Programme (BISP).

Earlier on November 27, the Economic Coordination Committee (ECC), had approved Gas Load Management Plan for this winter.

The ECC had decided for minimum gas load shedding during this winter and filling the gas deficit with Regasified Liquefied Natural Gas (RLNG).

It was also decided that 150-200 mmcfd of RLNG will be injected in the system to overcome the shortage of gas.

The government is expecting gas shortfall from December to January, as the gap between supply and demand would surge due to less availability of local gas.

The meeting of the ECC also discussed and approved for getting Islamic Financing Facility to reduce the circular debt in the energy sector.

The ECC had recently directed the power and finance divisions to prepare a joint plan for raising Rs 300 bln Islamic financing by mortgaging assets of Discos.

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