ECC 2102018

PR No. 16 Islamabad October 02, 2018

Finance Minister, Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) on Tuesday.

In consideration of proposal submitted by the Ministry of Privatization, ECC approved disbursement of Rs. 375 million on account of net salary for the employees of Pakistan Steel Mill for the month of August 2018. ECC directed immediate formation of special committee comprising representatives from Finance, Power Division, Auditor General of Pakistan, Ministry of Petroleum, FBR to address various issues relating to transfer of shares of K-Electric. It may be mentioned ECC earlier on 3rd September had directed Privatization Division to deliberate upon the issues relating to the sale of K-Electric in consultation with Petroleum and Power Divisions. In order to further facilitate resolution of various issues, formation of the special committee has now been ordered.