Tuesday , March 26 2019
Breaking News
Home / Islamabad / ECC approves Rs1b for FBR to boost revenue collection capacity
ECC approves Rs1b for FBR to boost revenue collection capacity

ECC approves Rs1b for FBR to boost revenue collection capacity

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

The committee approved Rs 2 billion Ramazan Relief Package 2019 so as to provide relief to the low income groups in the Holy Month of Ramazan by providing them essential items at a lower price. The committee also approved supplementary grant, amounting to Rs.16.976 million, for Textile Division.

Similarly, the committee also approved Supplementary Grant of Rs.1 billion for Federal Board of Revenue to boost its revenue collection capacity.

It approved Supplementary Grant of Rs 7415.486 million for Finance Division, in favour of Financial Inclusion & Infrastructure Projects (FIIP), and Technical Supplementary Grant amounting to Rs.562.00 million and Supplementary Grant amounting to Rs.742.531 million for SAP Software License Payment.

In order to pay the outstanding dues to the legal heirs of deceased employees of Pakistan Steel Mills on account of Provident Fund, Gratuity and Payroll, the Committee approved Grant for the purpose which will help address the problems of the legal heirs of deceased employees.

Secretary Water Resources and Chairman WAPDA gave separate presentations on different water projects including major dams namely, Mohmand Dam, Diamir-Bhasha and Dhasu dam. Secretary commerce made a presentation on export prospects in the short term.

The committee directed to prepare an export enhancement plan for next year before 31st March 2019.