{"id":63900,"date":"2020-04-12T10:00:00","date_gmt":"2020-04-12T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63900"},"modified":"2020-04-10T18:08:01","modified_gmt":"2020-04-10T13:08:01","slug":"ecc-approves-bailout-package-pkr-300-bn-power-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html","title":{"rendered":"ECC approves bailout package of PKR 300bn for power sector"},"content":{"rendered":"\n<p>Islamabad: The Cabinet\u2019s Economic Coordination Committee (ECC) recently approved a cumulative bailout package worth PKR 300 billion for the power sector, according to a news report. This package will help the sector deal with its immediate liabilities and offer compensation for the foreign exchange losses incurred by oil marketing companies (OMCs).<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-debt-relief-measures-amid-coronavirus.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP announces debt relief measures amid coronavirus crunch (opens in a new tab)\">SBP announces debt relief measures amid coronavirus crunch<\/a><\/p>\n\n\n\n<p>According to this package, PKR 200 billion \u2014 Islamic Sukkuk\noriginally raised for retirement of stock of the circular debt \u2014 will now be\nused to accommodate the immediate cash shortfall. This cash shortfall resulted\nfrom deferring fuel price adjustment and quarterly tariff adjustments. <\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.zameen.com\/news\/ecc-approves-funds-ndma-three-supplementary-grants-combat-covid-19.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ECC (opens in a new tab)\">ECC<\/a> approved this deferment on consumer bills till June, according to Prime Minister Imran Khan\u2019s instructions. According to the information available, the deferment would cost approximately PKR 61 billion until May 2020 and the delay in recovery of quarterly tariff adjustments in electricity bills would cost PKR 77 billion. Another PKR 60 billion will be used to pay fuel suppliers and banks, and retire debts. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/tax-collection-gujranwala-slowed-coronavirus.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Tax collection in Gujranwala Division delayed due to coronavirus outbreak (opens in a new tab)\">Tax collection in Gujranwala Division delayed due to coronavirus outbreak<\/a><\/p>\n\n\n\n<p>According to estimates, power companies will face losses of around 10 billion electricity units until June, but capacity payments will become due to power plants. To handle this dilemma, the sector requested the ECC to provide PKR 67 billion, in three equal instalments, out of the Prime Minister\u2019s Emergency Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Cabinet\u2019s Economic Coordination Committee (ECC) recently approved a cumulative bailout package worth PKR 300 billion for the power sector, according to a news report. This package will help the sector deal with its immediate liabilities and offer compensation for the foreign exchange losses incurred by oil marketing companies (OMCs). Read: SBP announces debt relief measures amid coronavirus crunch According to this package, PKR 200 billion \u2014 Islamic Sukkuk originally raised for retirement of stock of the circular debt \u2014 will now be used to accommodate the immediate cash shortfall. This cash shortfall resulted from deferring fuel price adjustment and quarterly tariff adjustments. The ECC approved this deferment on consumer bills till June, according to Prime Minister Imran Khan\u2019s instructions. According to the information available, the deferment would cost approximately PKR 61 billion until May 2020 and the delay in recovery of quarterly tariff adjustments in electricity bills would cost PKR 77 billion. Another PKR 60 billion will be used to pay fuel suppliers and banks, and retire debts. Read: Tax collection in Gujranwala Division delayed due to coronavirus outbreak According to estimates, power companies will face losses of around 10 billion electricity units until June, but capacity payments&hellip;<\/p>\n","protected":false},"author":58,"featured_media":63408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[25849,23940,13866,25848],"persona":[],"class_list":{"0":"post-63900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-bailout-package","8":"tag-covid-19","9":"tag-ecc","10":"tag-power-sector"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECC clears PKR 300bn bailout package for power sector - Zameen News<\/title>\n<meta name=\"description\" content=\"The Economic Coordination Committee (ECC) has approved PKR 300 billion as a bailout package to give to the power sector amidst the Coronavirus crisis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC clears PKR 300bn bailout package for power sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Economic Coordination Committee (ECC) has approved PKR 300 billion as a bailout package to give to the power sector amidst the Coronavirus crisis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-12T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shanzay Asim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shanzay Asim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ECC clears PKR 300bn bailout package for power sector - Zameen News","description":"The Economic Coordination Committee (ECC) has approved PKR 300 billion as a bailout package to give to the power sector amidst the Coronavirus crisis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html","og_locale":"en_US","og_type":"article","og_title":"ECC clears PKR 300bn bailout package for power sector - Zameen News","og_description":"The Economic Coordination Committee (ECC) has approved PKR 300 billion as a bailout package to give to the power sector amidst the Coronavirus crisis.","og_url":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2020-04-12T05:00:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg","type":"image\/jpeg"}],"author":"Shanzay Asim","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Shanzay Asim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html"},"author":{"name":"Shanzay Asim","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/32f7a47cf2283e1bb9d09fca10cd6b74"},"headline":"ECC approves bailout package of PKR 300bn for power sector","datePublished":"2020-04-12T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html"},"wordCount":234,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg","keywords":["bailout package","Covid-19","ECC","power sector"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html","url":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html","name":"ECC clears PKR 300bn bailout package for power sector - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg","datePublished":"2020-04-12T05:00:00+00:00","description":"The Economic Coordination Committee (ECC) has approved PKR 300 billion as a bailout package to give to the power sector amidst the Coronavirus crisis.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Covid-19-Gov-Pk.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/ecc-approves-bailout-package-pkr-300-bn-power-sector.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"ECC approves bailout package of PKR 300bn for power sector"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/32f7a47cf2283e1bb9d09fca10cd6b74","name":"Shanzay Asim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","caption":"Shanzay Asim"},"description":"Shanzay Asim is a content developer at Zameen.com.","sameAs":["atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/shanzay-asim"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=63900"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63900\/revisions"}],"predecessor-version":[{"id":63901,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63900\/revisions\/63901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/63408"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=63900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=63900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=63900"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=63900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}