AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

ISLAMABAD: The federal government has approved Rs 1.8 billion for overhauling two VVIP aircraft being used by the President and Prime Minister, sources told Business Recorder.

On November 1, 2024, the Defence Division briefed the Economic Coordination Committee of the Cabinet that two VVIP Gulfstream Aircraft (G-450 & G-IV) are being utilized for State duties with the President and the Prime Minister of Pakistan. These aircraft are required to be maintained periodically, to ensure their optimum availability, serviceability, and fly-worthy status in line with the standards defined by the Original Equipment Manufacturer (OEM). The frequency of Mid-Life Overhaul of G-IV VVIP Aircraft engines was 10 years/4000 hrs. Last overhaul was carried out in year 2014 by M/s Gulfstream, USA (OEM). The OEM had confirmed slot for overhauling of engines of the said aircraft in January 2025.

President Zardari suffers foot fracture on arrival in Dubai

Accordingly, an additional allocation of $ 6.00 million (equivalent to Rs.1.800 billion) is required for complete overhaul of engines to avoid grounding of the Aircraft’s in near future. On directions of the Prime Minister, Finance Division had concurred provision of $ 6.00 million (equivalent to Rs.1.800 billion) as Technical Supplementary Grant (TSG) for the purpose during CFY 2024-25. In accordance with Federal Cabinet decision of February 14, 2019 all cases involving TSG shall be presented before the ECC for its consideration.

Defence Division sought approval of the ECC for TSG worth $ 6.00 million (equivalent to Rs.1.800 billion) under Demand No. 27 Defence Division for complete overhauling of both engines, payment of rental of engines and ferry expenditure of G-IV VVIP Aircraft to USA, during CFY 2024-25.

Copyright Business Recorder, 2024

Comments

Comments are closed.

T Nov 10, 2024 07:39am
Austerity measures in progress..
thumb_up Recommended (0)
Abdullah Nov 10, 2024 10:00am
6 million dollar is 1.8 billion.Our currency is so weak.
thumb_up Recommended (0)