ECC reduces sales tax on petrol by 5 percent

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) has approved reduction of sales tax by five percent in order to provide relief to masses. Read more »

ECC may approve sovereign guarantee for Utility Stores Corporation

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) may grant formal approval for sovereign guarantee for Utility Stores Corporation (USC) in its meeting scheduled for April 17, 2019. Read more »

ECC approves import of 100,000 tons of urea

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved immediate import of 100,000 tons of urea to facilitate farmers. Read more »

Overstayed consignments: ECC waives Rs700 million penal surcharges

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved waiver of penal surcharges to the tune of Rs700 million on overstayed consignments at ports. Read more »

ECC approves Rs2 billion for Ramazan Relief Package

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved Rs2 billion as Ramazan Relief Package. Read more »

New LNG terminal: Instructions issued for completing formalities

ISLAMABAD: Finance Minister Asad Umar on Tuesday issued instructions for expeditiously completing formalities for setting up new LNG terminal at Port Qasim. Read more »

ECC approves amending import policy order for tightening labeling requirement

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved to amend Import Policy Order to further tighten labeling requirement in order to facilitate local consumers to understand product ingredients. Read more »

ECC approves Rs5.6 billion additional guarantees to operationalize grounded PIA planes

ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and... Read more »

Circular Debt: ECC allows raising Rs200 billion Islamic term finance facility

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Tuesday allowed for raising Islamic Term Finance Facility of Rs200 billion for resolving circular debt issue. Read more »

Incentives fail to improve textile export

KARACHI: Textile industry has failed to improve exports despite availing incentives of duty and taxes. Read more »

ECC approves clearance of imported vehicles on verified foreign currency payment

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved clearance of imported vehicles under different schemes only through payment in foreign exchange. Read more »