ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved Rs 423.726 million technical supplementary grant for the Public Sector Development Programme (PSDP) projects of the Petroleum Division.
The summary for the grant was presented by the Ministry of Energy in the ECC meeting chaired by Caretaker Federal Minister for Finance, Revenue, and Economic Affairs Dr Shamshad Akhtar, according to a Finance Ministry press note.
The ECC also considered a summary of the Ministry of National Health Services, Regulations, and Coordination regarding the “Approval of Increase in Maximum Retail Prices of 262 Drugs under the hardship category as suggested in its 56th and 57th meetings.
After full deliberation, the committee asked the Ministry of National Health Services, Regulations and Coordination to come up by Tuesday next, with well-considered and well-informed recommendations involving a proper and judicious analysis of the pricing mechanism.
Other Decisions at ECC Meeting
The ECC also directed the ministry to engage with the provincial health departments and ensure the finalization of its recommendations in a rule-based, balanced, rational way, addressing the concerns of the industry and protecting the patients’ interests already facing inflationary pressures.
The committee also considered a summary presented by the Ministry of Industries and Production for the import of two hundred KMT Urea fertilizer for the Rabi season.
It decided to import fertilizer through a government-to-government mechanism.
The committee also decided to transfer the Entire Cash Credit Limit along with accrued markup to National Fertilizer Marketing Limited with provinces to pick up the cost of import.
