The Economic Coordination Committee has approved an additional supply of 150 megawatts electricity via the national grid to the K-Electric for the span of 2 years.
The move has been taken to address the power shortage issue in the city of lights.
The committee meeting was led by the Finance Adviser—Dr Abdul Hafeez Shaikh in the federal capital on Wednesday.
The Economic Coordination Committee has also given approval for an additional supply of Rs.1.8 billion to the Tribal Electric Supply Company (TESCO) for the holy month for providing extra power supply to the seven tribal agencies of the unified districts.
The power division revealed that the government has been paying the electricity bills of the domestic consumers of earlier tribal agencies via a subsidy of Rs.1.3 billion every month.
It also gave a proposal to the suggested procurement target of the wheat crop for the year 2018-19 to the tune of 5.15 million tons with a financial bar of Rs. 158.5 billion.
The ECC also complied to the proposal of the Earthquake Reconstruction and Rehabilitation Authority by giving tax exemption to the ventures being built under the Saudi Fund for Development Grant.