ISLAMABAD: The Economic Coordination Committee (ECC) of Pakistan’s Federal Cabinet on Thursday approved the continuation of the Prime Minister’s Relief Package for the financial year 2024-25.
According to a press statement issued here, the decision was made during the ECC meeting headed by Minister for Finance and Revenue Muhammad Aurangzeb.
The meeting okayed the continuation of the relief package through Utility Stores Corporation (USC) with subsidies and new prices. The Industries and Production Division presented the proposal to continue the package.
The statement added the ECC also approved the request of the Ministry of Industries and Production to declare the Warehousing and Logistic Sector as an industry.
Minister for Industries and Production Rana Tanveer Hussain, Minister for Privatisation Abdul Aleem Khan, Minister for Commerce Jam Kamal Khan, Deputy Chairman Planning Commission, and other senior officials of the relevant ministries were also present at the meeting.
The government has decided to continue the Prime Minister’s package, subsidies on five basic kitchen items at utility stores until the new package is revealed.
A total of Rs 65 billion have been earmarked for the PM’s and Ramadan packages in the budget out of which Rs 10 billion will be allocated for the PM’s Ramadan Relief Package, and the remaining Rs 55 billion for the PM’s Relief Package.
Additionally, Rs 35 billion have been earmarked under the Prime Minister’s package for the ongoing fiscal year.
