ECC okays Rs16b technical grants for Defence Ministry

By: News Desk      Published: 03:29 PM, 21 Oct, 2020
ECC okays Rs16b technical grants for Defence Ministry

Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Wednesday chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet which approved two technical grants for Ministry of Defence, reported 24NewsHD TV channel, quoting sources.

A technical supplementary grant worth Rs16 billion has been approved for the Ministry of Defence that will be disbursed in four tranches, the TV channel reported.

The second supplementary grant of Rs500m for the Defence Ministry has also been approved, the sources added.

The ECC meeting also approved the continuous supply of gas to the two fertilizer factories including Fatima Fertilizer and Agrotech till November.

The Economic Coordination Committee also approved an amendment to the Import Policy Order 2020, the sources maintained.