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ECC Approves $25mn for NDRMF

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ISLAMABAD, A meeting of Economic Coordination Committee (ECC) approved allocation of funds equivalent to 25 million dollars for National Disaster Risk Management Fund (NDRMF).

The meeting was held in Islamabad on Wednesday with Finance Minister Ishaq Dar in the chair.

Economic Coordination Committee allowed exemption from withholding tax on dividends to the Transmission Line Projects under Transmission Policy 2015.

The ECC also accorded approval for grant of twelve million rupees as equity share of government to clear liabilities and financial obligations to facilitate process of winding up of Pakistan Textile City.