ECC approves package to benefit 3.5 million small businesses

BusinessECC approves package to benefit 3.5 million small businesses

ISLAMABAD, Pakistan: The Economic Coordination Committee (ECC) has approved the ‘Chota Karobar Imdad Package’ worth Rs 50 billion, an initiative for small businesses under which the government will pay their electricity bill for three months.

In a Press Conference in Islamabad on Monday, the Minister for Industries and Production Hammad Azhar said that around 3.5 million people running small businesses like tailor shops, small markets, and industrial units will take advantage of this initiative.

Hammad Azhar said that small businesses having commercial connection of less than five kilowatt and industrial consumers less than 70 kilowatt can benefit from the program. He said that 95 percent commercial and 80 percent industrial connection holders will be benefited of the Chota Karobar Imdad Package.

The minister said that the program will equally be available for the people of Azad Jammu & Kashmir (AJK) as well.

Furthermore, Hammad Azhar said that the government has allocated Rs 75 billion to provide relief to labourers and daily wagers who have lost their jobs due to Coronavirus.

The minister for industries and production said that this amount has been allocated on the directions of Prime Minister Imran Khan to provide relief to the common people.

Hammad Azhar said that under the program Rs 12,000 each will be distributed among four to six million people, which will be additional to 12 million Ehsas beneficiaries. He said that a portal to this effect will be launched after getting the federal cabinet’s nod tomorrow.

The minister said that labourers and daily wagers can get themselves registered by accessing the portal and filling the requisite information there. He said that this process can be completed in around three minutes. He added that the eligible people will be finalized after applying.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Hezbollah confirms death of Hassan Nasrallah, vows to continue fight against Israel

0
Lebanon's organization Hezbollah has confirmed that their leader Sayyed Hassan Nasrallah has been martyred in an Israeli attack in Beirut, and vowed to continue...

PM Shahbaz Sharif attends a reception hosted by US President Joe Biden

0
NEW YORK: Prime Minister Shahbaz Sharif attended a reception hosted by the US President Joe Biden in honor of the heads of government participating...
COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

0
Monitoring Desk: “G7 and to a certain extent G20 countries must understand their responsibility (a reference to COP29), make relevant decisions, and reach a...
COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

Korea keenly interested in fostering greater cooperation with Pakistan: Envoy

0
ISLAMABAD, Pakistan: The Ambassador of the Republic of Korea Park ki Jun has expressed his Country’s keen interest in fostering greater cooperation with Pakistan...

Mari Petroleum’s Chartered MI-8 Helicopter crashes in North Waziristan; 6 killed & 8 injured

0
PESHAWAR, Pakistan: A Chartered MI-8 Helicopter of Mari Petroleum Company crashed in Khyber Pakhtunkhwa’s North Waziristan district on Saturday after taking off near the...
Advertisement