ISLAMABAD: The Economic Coordination Committee (ECC) of the bureau, expected to meet on Wednesday, would be taking up a weighty plan, including $200 million rupee-connected seaward securities, updated markup rates on government advances for regions and public area elements, the Rs739 billion Karachi Transformation Plan (KTP) and the main period of the legitimization plan for bureaucratic sponsorships.
Educated sources revealed to Dawn that recently named Finance Minister Dr Hafeez Shaikh had been guaranteed by the PM at an end of the week meeting that the Revenue Division would be reestablished to his portfolio. Subsequently, the twice deferred ECC meeting was being fixed for Wednesday (Dec 16).
The gathering will take up at any rate 8-point plan. One of them identified with specialized beneficial awards (TSG) for activities of the Islamabad Capital Territory Administration after exchange of some critical duties from Municipal Corporation Islamabad. Another relates to Pakistan’s commitments to global associations, as United Nations Population Fund, Partners in Population and Development (PPD) and International Planned Parenthood Federation — Family Planning Association of Pakistan (IPPF-FPAP) for a very long time i.e FY2018-19 to FY2020-21 and extraordinary commitment to World Health Organization (WHO).
The sources said the ECC would favor the dispatch of Pakistani rupee-connected seaward bonds by International Finance Corporation (IFC) worth about $200m. They said the Ministry of Finance, State Bank of Pakistan and the Securities and Exchange Commission of Pakistan had finished the conferences for the seaward bond dispatch.
