The government approved the immediate distribution of Rs 25 thousand to 4.125 lakh families affected by the recent rains and floods, which w...
The government approved the immediate distribution of Rs 25 thousand to 4.125 lakh families affected by the recent rains and floods, which will put an additional financial burden of Rs 103 billion on the national exchequer, while ordering the import of 1.6 lakh tonnes of wheat. has been given to meet the needs arising out of natural calamities.
According to the report of maknews-21, these decisions were taken in the Economic Coordination Committee (ECC) meeting of the Cabinet under the chairmanship of Federal Finance Minister Miftah Ismail.
During the meeting, approval was also given to sign agreements with G20 countries under the Covid-19 Relief Initiative Program for Poor Countries announced in April 2020.
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The Ministry of Poverty Alleviation and Social Security has presented a summary of emergency cash assistance for flood-affected families in 2022.
The meeting was told that under the Benazir Income Support Program (BISP) on the instructions of the Prime Minister, about Rs. 30 billion has already been distributed at the rate of Rs. 25 per family.
The meeting was informed that the number of affected people has increased further and National Disaster Management Authority (NDMA) and BISP have identified 4.125 lakh deserving families whose assistance is estimated at 103.12 billion. An amount of Rs.
The meeting was briefed that the number of affected families may increase in view of the situation after the worst abnormal rains and deadly floods across the country while the estimation of loss of life and property is in progress.
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The ECC approved the summary of relief money and directed the BISP to distribute Rs 25,000 to the poor families in the calamity affected districts.
Instruct TCP to arrange wheat
The ECC raised the strategic wheat reserve requirement to 2 million tonnes from the target of 10 tonnes and ordered the import of an additional 1.6 lakh tonnes of wheat.
In this regard, the ECC directed the Trading Corporation of Pakistan (TCP) to arrange 8 lakh tonnes of wheat.
TCP has already booked 986,000 tonnes of wheat through global tenders, while Russia's purchase of wheat was rejected due to high prices.
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The Ministry of National Food, Conservation and Research has advocated that to ensure abundant availability of wheat across the country and to stabilize local wheat prices, it is necessary to increase the amount of strategic wheat reserves to the level of 2 million tonnes. To be maintained.
Therefore, the ECC approved a revision of its earlier decision to import 3 million tonnes of milling wheat and allowed the maintenance of a strategic reserve of 20 tonnes of wheat.
70 lakhs grant for hosting the FATF team
During the meeting, the Ministry of Economic Affairs presented a summary of the G20 Debt Service Suspension Initiative Program, a program introduced to provide relief to poor countries during the Covid-19 crisis through debt relief.
Read more: Permission to start process of importing 30 lakh tonnes of wheat
The ECC also approved a technical supplementary grant of Rs 70 lakh to host a 15-member delegation of the Financial Action Task Force (FATF) and the Asia Pacific Group (APG).
The National Coordinating Committee for FATF had sought a grant for the expenses related to the visit of these institutions to Pakistan.
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