ECC clears IT ministry’s proposal for approval of NTC budget estimates

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday cleared the Ministry of Information Technology’s (IT) proposal regarding approval of budget estimates of National Telecommunication Corporation (NTC) by the federal cabinet.

The meeting, chaired by Finance Minister Asad Umar, observed that the NTC being an autonomous and self-earning body should be empowered like other public sector corporations to formulate and approve its own budget.

The committee directed that necessary authorization may be granted so that in future, the budget was considered and approved by the NTC board.

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Ministry of Industries briefed the meeting about fertilizer situation in the country and informed that imported shipments of urea had reached Karachi and arrangements were in place for supplies across the country.

The ECC directed that the process should be sped up to ensure that sufficient stocks were available in the market.

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