ISLAMABAD: The federal government has decided in principle to abolish the Neelum-Jhelum surcharge per unit on electricity and to provide subsidy for reduction in prices of essential commodities under the Prime Minister’s Relief Package to provide relief to the people in the face of rising inflation. Also possible.
According to details, the eight-point agenda will be considered in the meeting of the Economic Co-ordination Committee (ECC) of the Cabinet chaired by Federal Minister for Finance Dr Abdul Hafeez Sheikh at 11.30 am on Thursday.
According to a copy of the agenda available to the BBC WN TODAY, the ECC meeting on Thursday will review the approval of two important summaries submitted by the Ministry of Energy.
In the first summary, the proposal of the Ministry of Energy to levy tax on payments made to offshore supply contractors will be considered and a decision will be taken after detailed consideration of this proposal.
In addition, the Cabinet’s Economic Co-ordination Committee will consider the abolition of Neelum-Jhelum surcharge of 10 paisa per unit on electricity bills from consumers on the summary of the Ministry of Energy and is expected to approve the abolition of Neelum-Jhelum surcharge. It will be given as Neelam Jhelum surcharge has been abolished and it has also been recommended by the standing committees.
According to the document, the ECC meeting will also consider approving a government autonomous guarantee for the National Engineering and Scientific Commission of Pakistan (NECOP) to meet the financial needs of the National Engineering and Scientific Commission of Pakistan. He wants to arrange financing for which it is proposed to issue bonds and for this he wants an independent guarantee from the government.
In addition, the Cabinet’s Economic Co-ordination Committee meeting will also consider the approval of the Ministry of Information Technology to set up a special committee to resolve tax issues in the telecom sector.
The meeting will also consider the summary sent by the Department of Poverty Alleviation and Social Security, which will review the approval of the summary of communication support for the Ehsas program.
The ECC will consider the approval of funds for the payment of dues of the German company Mrs. Ocean Wide Shipping Services to Pakistan Steel Mills.
The Cabinet Economic Co-ordination Committee meeting is also likely to approve a subsidy to reduce the prices of essential commodities under the Prime Minister’s Relief Package to provide relief to the people in the face of rising inflation.