ECC okays electric vehicle policy, supplementary grants 

Adviser to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Wednesday chaired a meeting of Economic Coordination Committee (ECC).

The meeting mulled over a 12-point agenda and approved the electric vehicle policy. The policy deals with the two-wheeler and three-wheeler vehicles and is aimed at lowering tariffs and taxes.

A policy for four-wheeler vehicles would be approved in the next meeting. It also approved supplementary grants for various federal departments, which would be tabled alongside the budget 2020-21 for approval in the Parliament.

It included a supplementary grant of Rs 7.24 billion for health ministry while Rs funds of upto Rs 3.82 billion were approved to overcome shortfall in foreign ministry.

It is pertinent to mention here that during the last ECC meeting on June 03, it approved 12 supplementary grants to different government departments.