- The ECC meeting was chaired by Finance Minister Ishaq Dar.
- Ramazan Relief Package consisting of 19 items for Utility Stores.
- The government would provide an Rs4.99 billion subsidy.
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the Ramazan Relief Package and a uniform procurement price of wheat crop 2022-23 at Rs3900/40 kilogram.
According to a press statement, the summary regarding wheat procurement price was tabled by the Ministry of National Food Security and Research before the ECC meeting, which was presided over by Finance Minister Senator Ishaq Dar.
The ECC also approved a hybrid model of the Ramazan Relief Package (Targeted and Un-targeted) consisting of 19 items for Utility Stores Corporation, budgeted for Rs5 billion. The summary was moved by the Ministry of Industries and Production.
The federal government has decided to provide 19 staple food items at prices lower than the open market under Ramazan Relief Package. The government would provide an Rs4.99 billion subsidy on 19 necessary items in Ramazan, which is lower than last year’s Rs8.28 billion package – a reduction of Rs3.28 billion.
It has been proposed to divide the Ramazan package into targeted and untargeted subsidies. The subsidy will be allocated to people who are registered in the Benazir Income Support Programme (BISP) in Utility stores.
Under the package, an Rs100 per kg subsidy has been proposed for ghee and tea, Rs51.92 per kg for flour, and Rs30 for sugar, milk, and beverages. Meanwhile, it has been proposed to provide Rs50 per kg subsidy on dates and Rs25 on oil.
Moreover, an Rs20 subsidy is likely to be provided for pulses and rice. However, an Rs27.12 per kg subsidy will be provided for citizens – who are not beneficiaries of the Benazir Income Support Programme (BISP).
On the occasion, the Ministry of Energy (Power Division) submitted a summary on Uniform Tariff for K-Electric at par with XWDICSOS 2nd Quarter 2021-22. The ECC approved tariff rationalization for K-electric by way of adjustments on the consumption of July 2022 to September 2022 and to recover from consumers from March 2023 to May 2023 respectively.
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