Islamabad (Business Reporter): Ministry of Finance clarified that power sector will be paid from the stimulus package. Prime Minister’s COVID Relief Fund is to be utilized solely for providing cash assistance to the most vulnerable households and daily wagers.
Explaining power sector’s funding, Ministry of Finance stated Economic Coordination Committee (ECC) decided to allocate PKR 10 billin towards the interest payment of PKR 200 billion PES II issued on 20th May 2020. This payment will be made “from the fiscal stimulus package of PKR 1.2 trillion.”
“The government had earmarked PKR 100 billion for relief on power and gas for the citizen of Pakistan in the fiscal stimulus package,” MoF press release stated.