November 16, 2022 (MLN): The Financial Coordination Committee (ECC) has authorized the continuation of PM’s Relief Deal (PMRP) and Khyber Pakhtunkhwa Sasta Atta initiative from September 1 till November 1, 2022, on the current design of untargeted subsidy at the prevailing costs, the assertion issued by Finance Division on Tuesday stated.
It also allowed the allocation of added resources amounting to Rs4,908 million in excess of and over the common budgetary allocation by supplementary/complex supplementary grants to recoup the total now spent by USC.
The ECC also permitted the continuation of PMRP on a hybrid product for a time period from November 16 to June 30, 2023 (Excluding Ramzan) and the allocation of money to the tune of Rs10,755 million as a result of supplementary/specialized supplementary grant and continuation of Khyber Pakhtunkhwa Sasat Atta initiative and provision of sponsored Atta from November 16, 2022, to June 30, 2023, soon after rationalizing a number of stores, with the allocation of cash of Rs. 1,560.68 million through supplementary/complex supplementary grant.
The summary on the continuation of the Primary Minister’s Aid Deal (PMRP) and Sasta Atta initiative for Khyber Pakhtunkhwa over and above 31st August 2022 was submitted by the Ministry of Industries and Production.
Federal Minister for Finance and Profits Senator Mohammad Ishaq Dar presided over the said assembly.
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