ISLAMABAD: The Eco­nomic Coordination Commi­ttee (ECC) of the Cabinet on Friday approved a supplementary grant of Rs25.828 billion for two ministries.

The ECC meeting was chaired by Finance Minister Shaukat Tarin and attended by Commerce Adviser Abdul Razak Dawood and State Bank of Pakistan Governor Reza Baqir and other senior officials.

An official announcement said that the ECC approved Rs25bn supplementary grant for the Petroleum Division to address liquidity constraints of Pakistan State Oil for avoiding instant disruption in LNG and oil supply chain.

The grant was approved keeping in mind the prevailing commodity market price trend as well as the need for import of LNG, diesel and motor spirit from March 2022 to June 2022.

Similarly, the ECC also approved Rs828m as a supplementary grant for the Ministry of Information Technology and Telecommu­nication for Special Comm­unication Organisation.

Published in Dawn, April 2nd, 2022