Hafeez Sheikh to chair ECC meeting tomorrow


ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet will hold a meeting with the Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh on Wednesday, media reported.

The ECC meeting will take place in Islamabad and will begin at 11:00 am.

Matters to be discussed by the participants of the meeting include supplementary grants for various government departments and ministries and the demand and supply of wheat.

The ECC in the previous meeting approved the proposal of Finance Division authorising the government to issue sovereign guarantee amounting to Rs.20 bn for investment in National Investment Trust’s (NIT) State Enterprise Fund.

Ministry of National Food Security and Research secretary told the committee in that meeting regarding the wheat situation in the country. He informed that the country was in a good position with 7.257 million tons of wheat available in the stock.