ECC approves Mobile Device Manufacturing Policy

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile phone handsets, PID reported. The policy approved in a meeting of the ECC chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh… Continue reading

ECC approves extension in existing free period from 5 working days to 15 working days for containers at port

ISLAMABAD: On the Proposal moved by the Ministry of Maritime Affairs, Economic Coordination Committee (ECC) approved the KPT Board Resolution for extension in existing free period from 5 working days to 15 working days for cargo/containers landing with effect from 25-3-2020 till 30-4-2020, PID reported. Adviser to the Prime Minister… Continue reading

ECC orders release of 650,000 tonnes wheat to KP, Sindh and Balochistan

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has given a go-ahead for release of 650,000 tonnes of wheat from PASSCO stocks to the provincial governments of Khyber Pakhtunkhwa (KP), Sindh and Balochistan to ease out the demand and supply equilibrium in the local market. The decision was taken at… Continue reading

ECC continues ban on wheat and wheat flour export

ISLAMABAD: In the light of a briefing by the Ministry of National Food Security and Research, the Economic Coordination Committee (ECC) decided to continue ban on export of wheat and wheat flour and further decided to propose to provincial governments to undertake a fresh stock-taking of wheat in godowns to… Continue reading

ECC imposes ban on export of wheat, wheat flour

ISLAMABAD: The Economic Coordination Committee (ECC) has decided to impose a ban on export of wheat/wheat flour and asked that a meeting of National Price Monitoring Committee may be convened to suggest measures to control the price hike trend of wheat products in the local market with the cooperation of… Continue reading

ECC approves tax relief on import of ships

ISLAMABAD: In order to revive and strengthen the shipping sector of Pakistan, the Economic Coordination Committee (ECC) approved, in principle, the proposal of Ministry of Maritime Affairs to provide tax relief on import of ships. [the_ad id=”31605″]The committee directed the ministry to make substantial changes to the proposals before submitting… Continue reading

Ministry of Petroleum to fully utilize Railways’ capacity for petroleum products transportation across country

ISLAMABAD: Ministry of Railways and Ministry of Petroleum have jointly initiated assessment of the prospects of petroleum products through railways across country.[the_ad id=”31605″]The Ministry of Petroleum briefed the Economic Coordination Committee ECC on the implementation of the committee’s decision regarding utilization of services of Pakistan Railways for transportation of petroleum… Continue reading

ECC approves withdrawal of duty/taxes on cotton import for 5 months

ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved withdrawal of customs duty, additional customs duty and sales tax on import of cotton effective from February 1 till June 30, 2019 to ensure a sufficient supply of cotton for the industry. The Economic Coordination Committee (ECC) also approved regulatory amendments… Continue reading

Rs36 billion financing approved to clear circular debt

ISLAMABAD: Government of Pakistan has allowed the ministry of energy to secure around Rs36 billion from a syndicate of banks to clear power sector’s outstanding payments. The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet headed by Finance Minister Asad Umar. “The ECC… Continue reading