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Islamabad: ECC approves Rs. 7.8 billion Ramadan Relief Package

Islamabad: According to a recent news report, the Economic Cooperation Committee (ECC), headed by Finance Minister Abdul Hafeez Shaikh, approved a Ramadan package worth Rs7.8 billion on Wednesday.

The Ramadan Relief Package-2021 was proposed by the Ministry of Industries and Production in compliance with the Prime Minister’s directive to offer full relief to the society’s neglected segments.

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Utility Stores Company will sell 19 critical commodities at subsidised rates under the planned relief package, including wheat flour, sugar, ghee, gasoline, pulses (channa, moong, maash), baisen, rice, tea, milk, and so on.

The cumulative cost of the Ramadan Relief Package-2021 was originally projected to be Rs6.3 billion, including Rs100 million for a media advertisement. It has since been raised to Rs7.8 billion.

The USC officials noted during the meeting that the price of basic goods increases every year during Ramadan for a variety of reasons, including artificially engineered price hikes and black marketing.

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The committee approved the above-mentioned plants’ operations with the instruction that the ministry closely tracks the demand-supply situation and decide whether or not to import urea as required during the current year.

For more details, visit our website Property News.

 

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