The Council also approved Rs 20,000 to people affected by floods will be distributed via smart cards before Eid.
After the meeting, the Federal Minister of Information, Qamar Zaman Kaira said in a press conference that the meeting finally approved agency to the relief effort in a transparent manner.
The Council is composed of 13 members, who will manage the relief missions.
All four provinces will soon send a list of nominees for the Secretariat of the Prime Minister.
Kaira said that seeds and fertilizers will be provided free to owners of less than 25 hectares of farmland.
All information on flood relief and rehabilitation will be published on the site where the sum is also mentioned for transparency.
Kaira said the government will also ask NGOs to include details of emergency and the amount to their respective websites.