ECC to consider Rs15b aid for PIACL - News Summed Up

ECC to consider Rs15b aid for PIACL


Commit­tee will also examin­e option­s to boost Gwadar port, city projec­tsISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet will approve procedure for issuing petroleum products’ marketing licenses and Rs15 billion aid for Pakistan International Airlines Company Limited (PIACL) today. Similarly, the summary of the government aid required for PIACL will also be examined. Meanwhile, sources have also said the finance ministry has expressed reservations over PIACL’s repeated pleas for aid. Earlier on, the ECC had approved provision of Rs24 billion government guarantee for the company’s engine, hauling and other needs. The finance ministry has also stressed on PIACL to generate sources of income instead of relying on government guarantees for obtaining easy loan and financial aid.


Source: The Express Tribune February 11, 2019 19:18 UTC



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