Tag: Ecc

A special meeting of the Economic Coordination Committee of the Cabinet (ECC) will decide on the Liquefied Petroleum Gas (LPG) policy, which seeks imposition...

The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved the long standing demand of the oil marketing companies (OMCs) and dealers by...

The Economic Coordination Committee (ECC) of the cabinet approved on Wednesday a relief package of Rs 2 billion for Ramadan at state-operated utility stores....

The Economic Coordination Committee on the Cabinet (ECC) would attempt to resolve the riddle of whether natural gas should be allocated to power or...

ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet, on Monday, allowed the Pakistan Agriculture Storage and Supplies Corporation (PASSCO) to sell 200,000 tonnes of wheat for export, disallowed institutional investment in the national savings schemes and set up a committee to decide on a subsidy worth Rs 4.6 billion to farmers on 225,000 tonnes of imported urea.
The ECC meeting was held under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh on Monday.

LAHORE - Economic Coordination Committee (ECC) of the Cabinet has permitted the export of three million tonnes of wheat in its meeting. Federal Board of Revenue (FBR) in this connection has directed all Customs collectorates to ensure the smooth export of wheat from their respective ports. FBR has directed Customs Collectors to effectively coordinate on daily basis - personally as well as electronically - to ensure that the export of wheat form Pakistan from all export stations does

ISLAMABAD - The Economic Coordination Committee of the cabinet (ECC) on Tuesday approved 18 amendments in the three-year strategic trade policy, approving regulatory changes in the import and export policy orders to boost exports, while the incentive package for attracting new investment in auto sector was deferred until the next meeting.
The meeting of ECC was held under the chairmanship of Finance Minister Abdul Hafeez Shaikh. Prime Minister Yousuf Raza Gilani had already

ISLAMABAD - The Economic Coordination Committee of the Cabinet (ECC) was informed that there would be no negative impact of the recent decision on the manufacture of local cars permitting the import of vehicles up to five years old.
The Finance Minister Dr Abdul Hafeez Shaikh chaired the meeting of the committee. An official source informed that the details provided to the committee said that the import of vehicles up to five years old was allowed in fiscal year 2007-08 in which

ISLAMABAD - Deferring the decision on the import of reconditioned vehicles, the Economic Coordination Committee of the cabinet (ECC) on Tuesday directed the Ministry of Petroleum to re-invite tenders for the short-term import of 2.75 million tons of the Liquefied Natural Gas (LNG) and also in principle decided to allow import of urea.
An official source said that the decision was made after the Ministry of Law again refused to approve the tender finalized by the Ministry of

KARACHI - The Economic Coordination Committee (ECC) has approved import of over 0.225 million tonnes of urea in order to ensure urea availability in the market. The committee is yet to decide if import would be made through the Trading Corporation of Pakistan (TCP) or from private sectors.
However, it is expected that ECC would allow TCP to import urea as the private sector has shown little interest. The ECC, which had earlier favoured import from the private sector, was likely

ISLAMABAD - To expedite the construction of Diamer Bhasha Dam, the government on Thursday allowed the Water and Power Development Authority (WAPDA) to raise Rs 20 billion from the market through Sukuk and Term Finance Certificates (TFC).
This decision was made at the meeting of the Economic Coordination Committee of the cabinet that met under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh.
According to official sources, the government would provide the

KARACHI - The Economic Coordination Committee (ECC) is likely to approve the import of over 0.225 million tonnes of urea through the Trading Corporation of Pakistan (TCP) to ensure prompt availability of urea in the market and averting the current urea crisis in the country.
According to source, the ECC was likely to allow the TCP to import the urea given that the private sector has evinced little interest in the matter, sources told Pakistan Today. The meeting of ECC which is

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday directed the Trading Corporation of Pakistan (TCP) to expedite sugar imports, sell the imported stocks at the port and immediately exhaust all other stocks to deflate the artificial price hike across the country.
The ECC met with Finance Minister Dr Abdul Hafeez Shaikh in the chair.
Talking to reporters after the meeting, Additional Finance Secretary Rana Asad Amin said that the Trading

ISLAMABAD: Minister for Industries and Production Mir Hazar Khan Bijarani has informed the National Assembly that a summary proposing the easing of restrictions on the import of reconditioned light transport vehicles (LTV) has been sent to Economic Coordination Committee (ECC) in order to decrease prices of such vehicles in the domestic markets.
In response to various queries, he confessed that the prices of LTV in the country are relatively high and meetings with manufacturers

ISLAMABAD: The Economic Coordination Committee of the cabinet (ECC) on Friday rejected a proposal by the Ministry of Food and Agriculture and Livestock (MINFAL) seeking an increase of Rs 50 in next year's wheat support price, retaining it at Rs 950 per 40 kilogrammes.
The meeting was convened on a demand by MINFAL and was chaired by Finance Minister Dr Abdul Hafeez Shaikh. The meeting also rejected MINFAL's demand of seeking enhancement of Rabi relief package to Rs 6,100 per