ECC approves export incentive package

ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar has approved the Rs180 billion incentive package for exporters on Wednesday.

ECC approved summary submitted by Finance Division regarding Prime Minister’s package of incentives for exporters.

ECC was informed by Finance Division about the latest key economic indicators, including review of product’s prices, inflation, commodity stock position, energy figures, FX reserves, foreign investment, trade performance and tax revenues.

ECC also approved proposal of Ministry of Water and Power to extend closing date of collection of Neelum Jhelum surcharge up to 30-06-2018.

In pursuance of CCI decision, ECC approved proposal of Ministry of Water and Power for issuance of Letter of Comfort / GoP guarantee by Finance Division to WAPDA for settlement of Net Hydel Profit claims of Government of Punjab.

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