The federal cabinet approved a Ramzan relief package for 2024 worth Rs7.49 billion to provide subsidies to targeted beneficiaries of the Benazir Income Support Programme. The Economic Coordination Committee also approved proposals for wheat imports and export facilitation schemes, as well as tariff rationalization and the commissioning of a thermal power plant.
ISLAMABAD: The federal cabinet approved on Thursday Ramzan relief package 2024 worth Rs7.49 billion as the holy month draws closer, ARY News reported.
The cabinet meeting, chaired by prime minister Kakar, ratified decisions taken in the ECC meeting.
The Economic Coordination Committee (ECC) approved Rs 7,492.75 million proposed for subsidy in account of Ramazan Relief Package 2024 to the targeted beneficiaries of the Benazir Income Support Programme (BISP), which is provided for in the budget for 2023-24.
The ECC also approved a proposal regarding “Permission to Import Wheat and Export of Wheat Flour under Export Facilitation Scheme 2021” presented to the forum by the Ministry of Commerce.
The committee approved a summary of the Ministry of Commerce (Tariff Policy Wing), regarding “Individual Tariff Rationalization Proposals from Different Sectors for Review of Custom Duties” and advised that tariff rationalization should be coordinated with the trade policy.
The ECC also approved a summary of the Power Division regarding the “Commissioning of 1263 MW CCPP Punjab Thermal Power (Pvt) Limited, Jhang (PPTL)”.
The recent decision by the Cabinet to approve the Ramzan Relief Package marks a significant move towards addressing the financial challenges faced by many individuals and families during the holy month of Ramzan. The package, which encompasses various initiatives and support measures, aims to provide crucial assistance to those in need, offering relief and respite during a time of heightened expenses and economic strain.
One of the key components of this relief package is the provision of subsidized essential food items, ensuring that communities have access to affordable and nutritious sustenance throughout the month of Ramzan. In addition, financial aid and assistance programs will be implemented to support marginalized segments of society, empowering them to meet their essential needs and celebrate the holy month with dignity and comfort.
Recognizing the significance of fostering unity and compassion during Ramzan, the approval of this relief package underscores the government’s commitment to ensuring the well-being and welfare of its citizens. By extending a helping hand to those facing financial difficulties, the initiative embodies the spirit of empathy and solidarity, reinforcing the values of social support and inclusivity.
As the Ramzan Relief Package paves the way for tangible relief and support, it stands as a testament to the government’s dedication to addressing the genuine concerns of the people and bolstering social welfare. Through this proactive and compassionate endeavor, it is evident that efforts are being made to alleviate the financial burden faced by many during this auspicious time, fostering an environment of compassion and societal harmony.
Source: ARY NEWS
Ramzan Relief Package, ECC meeting, subsidy, Benazir Income Support Programme, BISP, budget 2023-24, wheat import, wheat flour export, Export Facilitation Scheme 2021, Ministry of Commerce, tariff rationalization, trade policy, Power Division, 1263 MW CCPP Punjab Thermal Power (Pvt) Limited, Jhang (PPTL). The federal cabinet approved a Ramzan relief package of Rs7.49 billion for 2024, including subsidies for BISP beneficiaries. The ECC also greenlit a proposal for wheat import and export under the Export Facilitation Scheme 2021. Additionally, tariff rationalization proposals from various sectors were approved, emphasizing coordination with the trade policy. The commissioning of 1263 MW CCPP Punjab Thermal Power (Pvt) Limited, Jhang was also given the go-ahead.
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