ECC approves key grants for security, defence projects
Business
The ECC meeting was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair.
ISLAMABAD (Dunya News) – The Economic Coordination Committee has approved a summary from the Defence Division, granting a technical supplementary grant of Rs50 billion for a range of approved projects of the Defence Services.
The ECC meeting was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair.
On a summary submitted by the Ministry of Interior & Narcotics Control, the Committee approved an additional 841.56 million rupees as technical supplementary grant to support border control operations, internal security and maintenance of law and order by the Federal Civil Armed Forces.
It also approved a technical supplementary grant of Rs100.3 million for the maintenance and repair of defence equipment utilized by the Federal Civil Armed Forces.
The Economic Coordination Committee also deliberated upon a summary presented by the Ministry of National Food Security & Research regarding the winding up of PASSCO and the establishment of a Special Purpose Vehicle (SPV). The Committee approved the formation of the SPV.
The committee approved a set of proposals aimed at incentivizing and facilitating greater participation of foreign companies in Pakistan’s petroleum exploration sector.
