Islamabad: Minister for Finance and Revenue Senator Ishaq Dar presided over meeting of Economic Coordination Committee of Cabinet.

Minister for Commerce Syed Naveed Qamar, Minister for Power Khurram Dastgir Khan, Minister for Planning and Special Initiatives Ahsan Iqbal, Minister for Industries and Production Syed Murtaza Mahmud, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Shahid Khaqan Abbasi MNA/ex-PM, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, SAPM on Government Effectiveness Dr Muhammad Jehanzeb Khan, Coordinator to PM on Commerce and Industry Rana Ihsan Afzal, secretaries and other senior officers attended meeting.

ECC considered summary of Ministry of Energy (Petroleum Division) and granted extension in Adam X-1 development and production lease for period of five years w.e.f. February 10,2022 in order to increase domestic oil and gas production and to reduce burden of imported energy. Adam X-1 Development and Production lease was granted for period of seven years w.e.f. February 2015, covering an area of 19.42 sq. km and located in district Sanghar. Field still has potential for further commercial production.

ECC considered another summary of Ministry of Energy and allowed one-year extended Well Testing (EWT) over Umair SE-1 Discovery Guddu (E.L).

ECC considered summary of Ministry of National Health Services, Regulations and coordination and approved increase in MRPs of one drug as per recommendation of Drug pricing Committee.

ECC considered summary of Ministry of Poverty alleviation and Social Safety on subsidy for wheat seed (Rabi 2022-23) and allowed provision of Rs 8.39 billion through TSG in favour of BISP for cash subsidy to farmers of flood affected areas instead of provision of wheat seeds as per recommendations of Committee.

ECC approved Technical Supplementary/Supplementary Grants of

Rs 844.389 million in favour of Ministry of Housing and Works for repair and maintenance of Supreme Court of Pakistan building, Judges Residences , Rest houses and Sub-offices in various cities.

Also, Rs 3 billion to Cabinet Division for development expenditure under SDGs Achievement Programme.

Published in The Daily National Courier, January, 26 2023

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