ECC okays 27pc hike in Kissan loan package

The Economic Coordination Committee (ECC) of the Cabinet on Monday approved Kissan Package with a 27 per cent increase in agriculture loan target to Rs1.8 trillion and reshaped Kamyab Jawan Programme and Kamyab Pakistan Programmes through consolidation of their similar schemes. The meeting of the ECC presided over by Finance Minister Ishaq Dar also approved the standard legal framework for mega solar power projects, the transfer of 2,530 kanal land from the State Engineering Corporation of the Ministry of Industries to the Heavy Mechanical Complex of Special Plans Division at a nominal price and further increased the limit for the premium payable on import of high-speed diesel to avert supply chain disruption. The ECC, however, deferred a demand of the Election Commission of Pakistan for a Rs47.417bn supplementary grant for the conduct of general elections.