Islamabad: The federal government has also decided to issue Pakistan Social Impact Bonds and restructure the Pakistan Revenue Automation Limited (PRAL), a subsidiary of the FBR.
A meeting of the Economic Coordination Committee of the Cabinet has been called for tomorrow at 11 am. The meeting, chaired by Finance Minister Muhammad Aurangzeb, will consider an 11-point agenda.
The meeting will also approve a guarantee of one billion rupees for issuing Pakistan Social Impact Bonds and the restructuring of the FBR’s PRAL.
The ECC meeting will also approve providing a technical supplementary grant to the Ministry of Commerce to pay the federal government’s share of 50 percent subsidy for the import of urea, while a technical supplementary grant of one billion 884.1 million rupees is also likely to be approved for the Pakistan Individual Structure Development Company.
The Economic Coordination Committee is also likely to approve the Private Export Processing Zone Siya Deck project in Balochistan and provide a technical supplementary grant of Rs 536.1 million to the Ministry of Information and Broadcasting for key digital initiatives.
The meeting is also likely to approve a technical supplementary grant for NADRA’s Digital Economy Enhancement Project, a comprehensive sustainable plan for price rationalization of subsidized wheat in Gilgit-Baltistan, and handing over the amount of the approved demand of the Ministry of Housing to the Islamabad High Court.
Similarly, under the Prime Minister’s agriculture package, funds for payment of outstanding claims of the Agricultural Development Bank Limited and a technical supplementary grant of Rs 523 million will also be approved for SIFC.
