AIRLINK 188.75 Decreased By ▼ -0.01 (-0.01%)
BOP 12.94 Decreased By ▼ -0.29 (-2.19%)
CNERGY 7.22 Decreased By ▼ -0.04 (-0.55%)
FCCL 40.55 Increased By ▲ 1.84 (4.75%)
FFL 15.10 Increased By ▲ 0.26 (1.75%)
FLYNG 25.44 Decreased By ▼ -0.44 (-1.7%)
HUBC 132.50 Decreased By ▼ -1.91 (-1.42%)
HUMNL 13.45 Increased By ▲ 0.12 (0.9%)
KEL 4.88 Increased By ▲ 0.65 (15.37%)
KOSM 6.48 Increased By ▲ 0.63 (10.77%)
MLCF 47.14 Increased By ▲ 0.25 (0.53%)
OGDC 204.80 Decreased By ▼ -0.94 (-0.46%)
PACE 6.27 Increased By ▲ 0.19 (3.13%)
PAEL 38.99 Decreased By ▼ -0.09 (-0.23%)
PIAHCLA 16.83 Decreased By ▼ -0.02 (-0.12%)
PIBTL 8.11 Increased By ▲ 0.27 (3.44%)
POWER 10.69 Decreased By ▼ -0.02 (-0.19%)
PPL 173.65 Decreased By ▼ -0.96 (-0.55%)
PRL 34.10 Increased By ▲ 0.42 (1.25%)
PTC 23.49 Increased By ▲ 0.41 (1.78%)
SEARL 99.00 Increased By ▲ 0.48 (0.49%)
SILK 1.10 Decreased By ▼ -0.02 (-1.79%)
SSGC 30.62 Decreased By ▼ -0.86 (-2.73%)
SYM 17.83 Increased By ▲ 0.17 (0.96%)
TELE 8.19 Increased By ▲ 0.13 (1.61%)
TPLP 12.12 Decreased By ▼ -0.08 (-0.66%)
TRG 61.11 Increased By ▲ 0.81 (1.34%)
WAVESAPP 11.72 Decreased By ▼ -0.10 (-0.85%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.21 Increased By ▲ 0.35 (9.07%)
BR100 11,905 Decreased By -12.8 (-0.11%)
BR30 35,359 Increased By 40.9 (0.12%)
KSE100 113,342 Increased By 254 (0.22%)
KSE30 35,292 Decreased By -16.7 (-0.05%)

ISLAMABAD: The Ministry of Defence (MoD) has sought formal approval of supplementary grant of Rs 1 billion for Pak Army for Covid-related requirements under the head of medical stores, well-informed sources told Business Recorder.

According to Ministry of Defence, Pak Army has apprised that record surge in positive rate during the 4th wave of Covid-19 required extra precautionary measures and optimum utilization of medical facilities for better management of the contagious disease. Pak Army has asked for additional funds amounting to Rs2 billion under head of Medical Stores to combat the pandemic during CFY 2021-22.

The sources said Finance Division was approached for mandatory consultation in the matter prior to seeking approval of the ECC of the Cabinet for Supplementary Grant amounting to Rs 2 billion to Pak Army for Covid-related requirements during 2021-22. Cognizant of urgent nature of funds requirement to counter the prevalent 4th wave of Covid-19, the Finance Division released funds amounting to Rs. 1.00 billion to Pak Army as supplementary grant during FY 2021-22.

In accordance with Federal Cabinet’s decision, matters related to sanctioning of Supplementary Grants shall be cleared on the recommendation of the ECC.

The Finance Division has also apprised that summary to the effect be processed for the ECC and its ratification by the Federal Cabinet.

Accordingly, formal approval of the ECC of the Cabinet has been solicited for already issued Supplementary Grant worth Rs1.00 billion to Pak Army for Covid-19 related requirements under head Medical Stores against Demand No 30: Defence Services during FY 2021-22.

Copyright Business Recorder, 2022

Comments

Comments are closed.