AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved a supplementary grant of Rs828 million for employees-related and other operational expenditure of Special Communication Organization (SCO) during the ongoing fiscal year.

Sources in the Finance Ministry said that a proposal was brought before the last ECC meeting dated April 1, 2022 by the Ministry of Information Technology and Commission. The meeting presided over by former Finance Minister Shaukat Train gave approval of supplementary grant after it was informed that the proposal was submitted with the concurrence of the Finance Division.

The ECC was informed that by the Ministry of Information Technology and Telecommunication that the case for Technical Supplementary Grant (TSG) was submitted by the SCO for non-development, current expenditure – in budget for 2021-2022 stating that an amount of Rs3.368 billion was allocated for the current fiscal year against expenditure of Rs3.940 billion for the last financial year 2020-21.

Additionally, fund provision for ERE pay and allowance is Rs2.061 billion for the current fiscal year 2021-2022, whereas, last year actual ERE expenditure was Rs2.454 billion, which clearly reflects a shortfall of Rs392.36 million in the current fiscal year 2021-2022 over the expenditure of last financial year. The meeting was further informed that shortfall in ERE and Operational Expenses (Payment of Electricity Bills and POL, etc) for 2021-2022 comes to Rs1.133 billion.

ECC approves Rs16bn TSG to clear SNGPL dues

The case for TSG was taken up with Finance Division for their concurrence to bridge the shortfall in the non-development expenditure and the proposal was put up to the ECC after the concurrence of the Finance Division.

The meeting was informed that the SCO established in July 1976 for the operation, expansion, maintenance and modernisation of telecom system in Gilgit-Baltistan including Azad Jammu and Kashmir is managed by a Project Management Board under the chairmanship of Inspector General Communication and Information Technology, GHQ, Rawalpindi and its administrative control is with the Ministry of Information Technology and Telecommunication.

Copyright Business Recorder, 2022

Comments

Comments are closed.