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2h ago

ECC Clears Over Rs24 Billion in Security Grants, Amends Barter Trade Rules

The committee sought revised estimates on the Roosevelt Hotel request before considering a grant.

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Overview

  • Rs20 billion was approved for the Interior Ministry for law and order, with releases on demand in phases after consultation between the finance and interior divisions.
  • Rs4 billion was sanctioned for cash compensation to residents affected by land acquisition for the Defence Complex in Islamabad, with the remaining amount to be met by the CDA.
  • The ECC allocated Rs174.8 million to support law-enforcement operations of the Frontier Corps in Khyber Pakhtunkhwa.
  • A draft SRO to amend the B2B Barter Trade Mechanism governing trade with Afghanistan, Iran and Russia received approval.
  • The meeting, chaired by Finance Minister Muhammad Aurangzeb, affirmed phased, conditional disbursements and directed the Interior Ministry to resubmit refined costings for the Roosevelt Hotel proposal.