ECC approves payment of 7-month salaries to HMC employees

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ISLAMABAD, June 1 (APP): The Economic Coordination
Committee of the Cabinet (ECC) on Wednesday approved the payment of seven-month salaries (November 2015 to May 2016) to the employees of Heavy Mechanical Complex (HMC) Taxila.

The decision to this effect was taken by the committee,
which met here at the Prime Minister’s Office with Finance
Minister Senator Muhammad Ishaq Dar in the chair, on
humanitarian grounds as the holy month of Ramadan is
approaching, a Finance Ministry press release said.

The Ministry of Water and Power also presented the Pakistan
Energy Sector Reform-Quarterly Progress Report of Development Policy Operations from January to March 2016 for the formal approval of the ECC.

The purpose of this report was to detail the steps being
taken to attain the overall objectives and goals of the
government set under National Energy Policy 2013 and to
develop an efficient and consumer-oriented electric power
system that meets the needs of its people and is sustainable
and affordable.

The report highlighted that the company wise T&D losses
during the period of July-March 2015-16 have reduced to
16.3 per cent as compared to 17.6 per cent during the same
period last year, indicting 1.3 per cent decrease.

Company wise overall recovery ratio has been 94.3 per cent
as compared to 88.5 per cent during the same period last year showing an overall improvement of 6 per cent.

There was a substantial decrease in customers’
complaints of wrong reading and over-billing.

Meter readers were compelled to record 100 per cent reading due to image printing. Excess charging at the will of the meter reader would no more be possible now, it was told.

The ECC was also briefed that the report had been
uploaded on the website of the Ministry of Water and Power.
The ECC also extended the date for reduced withholding
tax rate of 0.4 per cent for non-filers under section 236p of the Income Tax Ordinance 2001, up to June 30, 2016.