The government’s Economic Coordination Committee has approved Rs 47.417 billion to ECP for holding the upcoming general elections in 2022-23 and 2023-24
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 47.417 billion for the Election Commission of Pakistan (ECP) to conduct the upcoming general elections 2022-23 and 2023-24 and slapped a 5% regulatory measure. Filament yarn duty. It also reduced the base tariff for electric tube wells from Rs 16.60/kWh to Rs 13/kWh in line with the Kissan package.
The ECC approved Rs 18.655 billion for ECP during the ongoing financial year 2022-2023, while Rs 28.762 billion for the next fiscal year 2023-24 as supplementary technical grants for the upcoming general elections in Pakistan. ECC also approved a uniform tariff for K-Electric as a residential peak hour tariff fixed at Rs 3.21 per kWh, commercial peak tariff at Rs 4.45 per kWh, industrial peak tariff at Rs 4.45 per kWh, and agricultural peak a surcharge of Rs.4. 0.45 per kWh.
The ECC approved payment of Rs 93.438 billion for government power plants, including Rs 43.698 billion to the Pakistan Atomic Energy Commission (PAEC), Rs 33.636 billion to WAPDA, and Rs 16.377 billion to the National Power Park Management Company (NPPMCL).
Federal Minister for Finance and Senator for Revenue Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee here on Tuesday, according to an official statement issued here. The Finance Division submitted a summary of the launch of the Credit Guarantee Scheme under the Credit Guarantee Trust Fund by way of a second supplementary trust deed.
The Ministry of National Food Security and Research has submitted a summary on establishing and notification of minimum indicative prices for tobacco crops in 2023.
The Power Division has submitted a unified tariff summary for K-Electric. It has been proposed that the existing uniform variable charge of KE needs to be adjusted to maintain a uniform tariff across the country with category-wise increases, including General Supply Tariffs – Household, General Supply Tariffs – Commercial, Industrial Supply Tariffs, bulk supplies, agricultural taxes and public lighting with a renewal period of four months.
It was also shared that this adjustment will apply to the consumption from October 22 to January 23, which consumers are supposed to get back from December 22 to March 23. The ECC also approved this proposal. The Energy Division presented another overview of the settlement of liabilities to state-owned power plants at the IPPS level. The ECC approved a supplementary technical grant of Rs 93.438 billion in three tranches of Rs 31.146 billion each.
The ECC deliberated on the summary submitted by the Ministry of National Food Security and Research under the Kissan Package-2022. It approved the base tariff for electric tube wells at Rs 13/kWh from Rs 16.60/kWh, giving a relief of Rs 3.60 to farmers / kWh from November 1, 2022, to compensate for damage caused by floods and heavy rains. The Ministry of Information and Broadcasting has submitted a summary for budget allocation to launch a comprehensive media awareness campaign on government initiatives, programs, and projects. The ECC has approved an additional grant of Rs 2 billion for flood-related media campaigns. ECC has sanctioned Rs 15 billion in favor of the Election Commission of Pakistan for the current financial year 2022-23. Of the Rs 15 billion, Rs 5 billion will be released immediately, while the balance will be released in tranches as the first tranche is utilized. The ECC also approved an additional technical grant of Rs 162.521 million in favor of the Ministry of Housing and Works besides supporting Rs 250 million for the implementation of a development plan titled “Construction of Railway Underpass, Gojra, Toba Tek Singh District” and Rs 144.210 million for the performance of development projects in the district D.I. Khan.
