ECC allows PPL to execute proposed framework agreement with SOCAR
The Economic Coordination Committee (ECC) of the Cabinet after a detailed discussion allowed Pakistan LNG Limited (PLL) to execute the proposed framework agreement with the State Oil Company of Azerbaijan Republic (SOCAR) Trading. The ECC, which met here with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar in chair, considered a summary of…
Adil Aziz
ECC approves over Rs 422 bln supplementary grants
The Economic Coordination Committee (ECC), approved Supplementary and Technical Supplementary Grants (TSG) of Rs 422.3 billion in favour of various divisions. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the ECC meeting. The ECC accorded approval to the summary of Ministry of Communications for issuance of Government of Pakistan’s (GoP) guarantee amounting…
ECC approves settlement agreement of Roosevelt Hotel
The Economic Coordination Committee (ECC) of the Cabinet after a detailed discussion approved the execution of the settlement agreement of the Roosevelt Hotel, New York with the Hotel Union and the New York City Government. The ECC met here with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in chair discussed a summary submitted…
ECC approves fixation of maximum retail prices of 4 new cardiac stents
The Economic Coordination Committee (ECC) of the Cabinet considered and approved a summary of the Ministry of National Health Services, Regulations and Coordination regarding fixation of Maximum Retail Prices of four (04) new Cardiac Stents recommended by National Price Fixation Committee for Life Saving medical devices. The ECC further approved two summaries of Ministry of…
ECC okays E-Bikes & Rickshaws loan facility under PMYB&ALS model
The Economic Coordination Committee (ECC) of the Cabinet approved Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) model for E-Bikes and Rickshaws, under which the facility of Rs 0.5 million would be provided with zero per cent markup for a period of three years. “Under the scheme, clean loan up to Rs 0.5 million…
ECC fixes cotton intervention price at Rs 8,500 per 40 kg
Economic Coordination Committee (ECC) of the Cabinet fixed cotton (Phutti) intervention price at Rs 8,500 per 40 Kg for current sowing to revive cotton production, bring stability to the domestic market and assure fair return to the farmers in the country. Ministry of National food Security and Research submitted a summary on cotton Intervention Price…
ECC approves Hajj Policy 2023 with foreign exchange cover of $90 Million
The Economic Coordination Committee (ECC) of the cabinet approved Hajj Policy and agreed to provide foreign exchange cover of US$90 million. The summary to this effect was presented by Ministry of Religious Affairs and Interfaith Harmony before the cabinet committee, the meeting of which was chaired by Federal Minister for Finance and Revenue, Senator Mohammad…
Exporters to ensure consignments shipped within 45 days: ECC
The Economic Coordination Committee (ECC) of the Cabinet directed exporters to ensure the consignments are shipped within 45 days of quota allocation. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for…
ECC approves assignment of 34% working interest of POL, 6% of AOC to POGC in Kirthar South Block (Sindh)
The Economic Coordination Committee (ECC) approved the assignment of 34% working interest of M/s Pakistan Oilfields Limited (POL) and 6% of M/s Attock Oil Company Limited (AOC) to M/s Polskie Gornictwo Naftowe I Gazowinictwo S.A (Polish Oil and Gas Company) (POGC) in Kirthar South Block (Sindh). Federal Minister for Finance and Revenue Senator Mohammad Ishaq…
ECC gives go ahead to sugar exports
The Economic Coordination Committee (ECC) of the Cabinet approved a summary regarding export of sugar during Fiscal Year 2022-23 and allowed its exports up to 100,000 metric tons (MT). The summary was moved by Ministry of National Food Security and Research before ECC, the meeting of which was presided over by Federal Minister for Finance…