ECC approves loan scheme to provide E-bikes, E-rickshaws on 0% markup

Islamabad, April 13, 2023 (PPI-OT): The Economic Coordination Committee of Cabinet has approved Prime Minister’s Youth Business and Agriculture Loan Scheme for provision of 15000 E-Bikes and E-Rickshaws in the current financial year. The decision was taken at a meeting of the Committee held in Islamabad on Thursday with Finance Minister Ishaq Dar in the chair.

Under the scheme, clean loan upto 0.5 million rupees will be given under Tier-I at zero percent markup rate for repayment in three years. The ECC approved declaration of Customs Station Angoor Adda as authorized export land route to Afghanistan and through Afghanistan to Central Asian Republics.

The ECC endorsed Pakistan Sugar Mill Association Punjab Zone’s agreement to provide 20,000 metric tons of sugar at retail price of 95 rupees per kg during the month of Ramadan for sale to general public through the Government of Punjab at district level.

It also directed to make arrangements with other provincial Sugar Mills Associations on similar pattern for provision of sugar in other provinces and areas. The ECC also approved Technical Supplementary Grants worth 675.5 million rupees for different ministries.

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