KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
Govt approved Rs20 billion for Operation Azm-i-Istehkam
ISLAMABAD: The government approved a Rs20 billion “special allocation” on Thursday for Operation Azm-i-Istehkam, an initiative announced three months ago to combat terrorism and extremism.
The decision was made during a meeting of the cabinet’s Economic Coordination Committee (ECC), which also approved the export of 100,000 tonnes of sugar while exempting sugar mills from responsibility for domestic price hikes.
The ECC meeting, presided over by Finance Minister Muhammad Aurangzeb, sanctioned supplementary grants totalling Rs2.23bn for security forces.
Of this, Rs1.95bn was allocated to the Frontier Corps Balochistan (South) for security expenses related to the Reko Diq project, and Rs276.25 million to the Frontier Corps Khyber Pakhtunkhwa (North) for project implementation letters (PILs).
Operation Azm-i-Istehkam was announced on June 22 after a Central Apex Committee meeting of the National Action Plan. The operation aims to deploy the country’s full military, diplomatic, legislative and socio-economic resources to decisively defeat terrorism and extremism.
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