The Economic Coordination Committee (ECC), chaired by Federal Finance Minister Muhammad Aurangzeb, has approved several important financial measures.
Key among these is the allocation of $2.5 million in compensation to the families of Chinese citizens killed in the Dasu Hydro Project attack. The compensation will be distributed through the Chinese Embassy in Beijing.
Additionally, the ECC has also sanctioned the release of $80 million for the operational expenses of the Roosevelt Hotel in New York. The meeting revealed that the Roosevelt Hotel, which has been closed since 2020, required a $150 million loan from the National Bank to cover its costs.
In further decisions, the ECC approved over Rs 2.21 billion for the Power Division’s development expenses and for settling dues owed to Sui Southern on steel mills. Moreover, Rs 12 billion have been allocated for the federal program aimed at preventing infectious diseases, Rs 1.02 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), and Rs 55 million for various projects under the Islamabad administration.
Furthermore, the Nuclear Regulatory Authority has been granted a technical supplementary grant of Rs 184.5 million to support its operations. These decisions reflect the ECC's commitment to addressing critical financial obligations and supporting ongoing national and international projects.
