ECC Approves 200,000 Tons of Wheat for Utility Stores
The Economic Coordination Committee (ECC) of the cupboard has approved additional 200,000 metric plenty of wheat for the Utility Stores Corporation (USC).
Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the cupboard today at the cupboard Division.
According to the released statement, ECC approved the allocation of a further 200,000 M.T of wheat for Utility Stores Corporation from PASSCO, the approved quantity are going to be released in tranches. the primary tranche are going to be 50,000 MT, which can be released immediately; the remainder are going to be released on demand by USC.
The total cost of this package is Rs. 8.690 billion including incidental charges of 1.690 billion. The chair also directed that the record of the USC and PASSCO could also be completely computerized in order that it’s going to ensure transparency and facilitate deciding .
There was also a discussion in ECC on data collection from private flour mills so as to determine the right situation of demand and provide of wheat/atta within the country and to make sure accuracy in deciding .
The chair also asked the Poverty Alleviation Division to make sure transparency and efficiency within the disbursement of funds in wake of the COVID-19 situation within the country.
Secretary Poverty Alleviation Social Safety Division assured the ECC that nobody would be allowed to swindle the poor people of this country, he further informed that multiple arrests have already been made and exemplary punishment are going to be given to those that cheat the poor.
The division also briefed the ECC that thus far 1.7 million families are paid under the Ehsaas program and payments to remaining families are underway.