The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, Tuesday approved a relief package worth Rs3 billion for flood-affected families in Gilgit-Baltistan.
According to the ECC, the package will ensure timely provision of tents, medicines, food, and other essential supplies to affected households. Funds will also be utilised for the restoration of damaged infrastructure and early rehabilitation of affected communities.
The committee also approved a technical supplementary grant of Rs11 billion for Pakistan Television Corporation (PTV) in respect of tariff adjustment and net metering. An immediate release of Rs3.813 billion was sanctioned for payment of salaries, pensions, and operational expenses, while the remaining amount will be disbursed on a quarterly basis. The ECC stressed that PTV must gradually reduce reliance on government funding and move towards self-reliance.
In another decision, the ECC authorised the Petroleum Division to sign a Deed of Settlement with CPL regarding recovery of petroleum levy dues outstanding since 2019, directing that the entire amount be collected as per the agreed terms.
The committee also approved a procedure for passing on the benefit of levy collected from captive power consumers to electricity consumers.
Additionally, the ECC reviewed a summary concerning the tariff of the Mishke-Thalyan-Tarujaba White Oil Pipeline Project being developed in cooperation with Azerbaijan. The committee approved the terms and conditions submitted by the Petroleum Division, noting that the project would further enhance trade, investment, and bilateral relations between Pakistan and Azerbaijan.