The ECC, which met here under the chairmanship of Minister for Finance Senator Mohammad Ishaq Dar, also approved two-month salaries for Pak Steel Mills employees.
Approval was also accorded by the meeting for pending payment to transportation company concerned on account of supply of wheat to Afghanistan.
The ECC further approved the Government of Pakistan (GoP) guarantee for raising of Rs 100 billion through launch of Sukuk for Neelum Jhelum.
The meeting allowed WAPDA to raise commercial financing of Rs 144 billion for Dasu-I from local banks through conventional/Islamic mode of financing.
The ECC also gave go ahead to the Ministry of Petroleum and Natural Resources for establishment of subsidiaries for import and handling of LNG.