ISLAMABAD – The Economic Coordination Committee (ECC) of the Cabinet has given the green light to a Technical Supplementary Grant (TSG) of Rs 2.275 billion in favor of the Ministry of Energy (Power Division) to support the execution of development schemes in various provinces.
During the ECC meeting presided over by Finance Minister Ishaq Dar on July 24, 2023, the Ministry of Energy (Power Division) presented a summary seeking approval for the grant.
According to the submitted summary, the Cabinet Division’s Development Wing has surrendered funds amounting to Rs 2.725 billion from its development expenditure to benefit the Ministry of Energy (Power Division). These funds will be utilized for executing development schemes in different provinces, including Rs 100 million for Sindh, Rs 2.285 billion for Punjab, Rs 250 million for Khyber Pakhtunkhwa, and Rs 90 million for Balochistan, all under the “Sustainable Development Goals Achievement Program (SAP).”
The ECC was informed that the Power Division had consulted with the Finance Division, adhering to the rules of business, which raised no objections to the transfer of funds from the Cabinet Division to the Power Division.
The Ministry of Energy (Power Division) has now sought ECC’s approval for the allocation of Rs 2.725 billion, which corresponds to the surrendered amount from the development expenditure of the Power Division in the current financial year (2023-24). These funds will be used for implementing various development schemes in Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan provinces under the Public Sector Development Program (PSDP), which is executed by the Ministry of Energy (Power Division).