INSUBCONTINENT EXCLUSIVE:
Islamabad: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr
Abdul Hafeez Shaikh, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet to consider various proposals of
Ministries/Divisions, here on Wednesday.The Secretary, Ministry of National Food Security - Research updated the meeting about the
availability of wheat stock in the country
He informed that 28 million tons of wheat stock was available against the total national requirement of 25.84 million tons
The Committee deliberated upon the proposal of the Ministry to impose ban on export of wheat and referred the matter to the Constituted
Committee of the ECC to make its recommendations in this regard
Power Division briefed the Committee about cash and non-cash settlement for power sector
The ECC resolved the issue of Industrial Support Package (ISP) by adjusting it against the loans receivable from Power Sector entities
It formed a Committee, comprising of senior representatives from Power, Finance - Economic Affairs Divisions, to address the issue of ISP
Regarding K-electric, the Committee directed that the ISP claim of K-electric, amounting to approximately Rs 30 billion, may be looked into
and solid recommendations be made
The ECC also resolved the long standing issue with regard to payment of subsidized power supply to AJK by way of cash and non-cash
settlement with no financial impact on AJK
In order to revive and strengthen the shipping sector of Pakistan, the ECC approved, in principle, the proposal of Ministry of Maritime
Affairs to provide tax relief on import of ships
The Committee directed the Ministry to make substantial changes to the proposals before submitting them to the Cabinet for final approval
The Committee also approved Technical Supplementary and Supplementary Grants for different Ministries/Divisions.TheIndianSubcontinent has
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