ECC okays Rs1.8b power subsidy for tribal areas

British High Commissioner, Country Director ADB call on Hafeez Shaikh

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OUR CORRESPONDENT

ISLAMABAD

The Economic Coordination Committee (ECC) of the Cabinet Wednesday allowed additional supply of 150 MW power through National Grid to K-Electric so as to address power shortage problem in Karachi. Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh chaired the ECC meeting, which was convened to deliberate upon various proposals and recommendations submitted the Divisions.

The Power Division had moved a summary to seek ECC’s approval to allow additional supply of power to Karachi. The ECC also approved additional subsidy of Rs1.8 billion to Tribal Electric Supply Company (TESCO) to supply additional power to seven tribal agencies of ex-Federally Administered Tribal Areas (FATA) during the holy month of Ramazan.

The Power Division informed the committee that the government had been paying the electricity bills of the domestic consumers of former tribal agencies through subsidy of Rs1.3 billion per month.

The ECC also acceded to the proposal of Earthquake Reconstruction and Rehabilitation Authority by granting tax exemption to the projects being constructed under Saudi Fund for Development Grant

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