ISLAMABAD, January 21: The Economic Coordination Committee of the Cabinet Friday as a goodwill gesture on the government level approved payment of 11.6 million dollars compensation to the affected Chinese nationals of Dasu Hydropower Project incident. Minister for Finance and Revenue Shaukat Tarin chaired the online meeting of the committee Friday virtually and granted approval. According to a press statement issued after the meeting, Ministry of Water Resources tabled a summary on compensation package for the affected Chinese nationals of Dasu Hydropower Project incident. The ECC after deliberation and considering the depth of our relationship with China approved the proposal of payment of US dollar 11.6 million as a goodwill gesture on government level. The ECC also approved export of selected commodities to Afghanistan against Pakistan currency, considering the food crisis and prevailing situation in war-torn country The ECC, considering the food crisis and prevailing situation of Afghanistan, approved the summary presented by Ministry of Commerce and allowed the export of selected commodities to Afghanistan against Pakistan currency by adding them in the list of items at Para-7(1) of Export Policy Order, 2020. The ECC, while noting the growth in exports, approved the summary tabled by Ministry of Commerce to enhance the quota limit for export of samples to twenty five thousand US dollars or 0.1% of actual export proceeds during the last financial year in US dollars per exporter per annum, by amending relevant paras of Export Policy Order, 2020. The ECC approved a summary presented by Ministry of Commerce and allowed removal of 45 % Regulatory Duty on the import of Chilghoza from Afghanistan as the reduction tariff on this item will encourage the legal import of unprocessed Chilghoza for processing in the country for export and will also be instrumental in creation of jobs in the far flung areas of border regions of Khyber Pakhtunkhwa and economically backward areas of Baluchistan. The ECC approved a proposal submitted by Finance Division for engaging the services of third party to carry out the Monitoring and Evaluation (M&E) functions of the Kamyab Pakistan Programme (KPP). Pakistan Poverty Alleviation Fund (PPAF) was engaged for Monitoring and Evaluation of KPP. However, PPAF has not been able to undertake M & E responsibilities due to its legal status. Finance Division presented a summary to resolve the issue of reversal of Foreign Commonwealth . NNI
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