ECC okays packages for unemployed labourers, small businesses

ECC okays packages for unemployed labourers, small businesses

Islamabad (Web Desk): The Economic Coordination Committee (ECC) has approved two packages for unemployed labourers and another package for small business owners.

Addressing a press conference after the ECC meeting on Monday, Federal Minister for Industries and Production Hammad Azhar said the packages will be presented before the federal cabinet 0n Tuesday (tomorrow) for approval.

Azhar said a Rs75 billion package has been approved for the people unemployed due to the coronavirus crisis. “Under the package, the unemployed will be provided Rs12,000 in installments,” said the minister. He added that the details of the package will be uploaded on the website after the federal cabinet’s approval.

The minister, while sharing details of the package for small businesses, stated that the government will pay electricity bills for up to three months for those consuming 5 kilowatt (commercial customers) or 70 kilowatt (industrial customers) of electricity.

"The package shall benefit 3.5 million small businesses," said Azhar. He added that to determine electricity consumption, data from the past will be used as a benchmark.