ECC Archives - Page 11 of 12

ECC reduces sales tax on petrol by 5 percent

May 4, 2019April 13, 2024Faisal Shahnawaz

Islamabad: The Economic Coordination Committee of the Cabinet (ECC) has taken a significant step towards providing relief to the masses by approving a reduction of sales tax by five percent.

ECC may approve sovereign guarantee for Utility Stores Corporation

April 17, 2019April 12, 2021Faisal Shahnawaz

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. According to agenda of the ECC meeting scheduled for Wednesday, the ministry of industries and production had proposed for the sovereign guarantee for the public sector […]

ECC approves import of 100,000 tons of urea

April 3, 2019February 3, 2024Faisal Shahnawaz

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

Overstayed consignments: ECC waives Rs700 million penal surcharges

March 27, 2019April 19, 2021Faisal Shahnawaz

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. The ECC meeting which chaired by Finance Minister Asad Umar approved a proposal of Federal Board of Revenue (FBR) to waive the accumulated penal surcharges of Rs700 million […]

ECC approves Rs2 billion for Ramazan Relief Package

March 12, 2019March 31, 2025Faisal Shahnawaz

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) convened on Tuesday under the chairmanship of Finance Minister Asad Umar and approved a comprehensive Ramazan Relief Package worth Rs2 billion.

New LNG terminal: Instructions issued for completing formalities

March 5, 2019March 9, 2021Faisal Shahnawaz

ISLAMABAD: Finance Minister Asad Umar on Tuesday issued instructions for expeditiously completing formalities for setting up new LNG terminal at Port Qasim. The finance minister issued the directive while chairing the meeting of Economic Coordination Committee of the Cabinet (ECC) on Tuesday. The committee considered proposals from different ministries/ Divisions. Ministry of Maritime Affairs briefed […]

ECC approves amending import policy order for tightening labeling requirement

February 19, 2019February 16, 2024Faisal Shahnawaz

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.

ECC approves Rs5.6 bn for grounded PIA planes

February 12, 2019December 13, 2023Mrs. Anjum Shahnawaz

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 acquisition of related spare parts for operationalizing grounded planes.

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

January 29, 2019November 20, 2023Mrs. Anjum Shahnawaz

The Economic Coordination Committee (ECC) of the Cabinet, under the leadership of Finance Minister Asad Umar, approved the raising of an Islamic Term Finance Facility amounting to Rs200 billion to tackle circular debt issue.

Incentives fail to improve textile export

January 16, 2019October 31, 2023Hamza Shahnawaz

Pakistan’s textile industry, despite benefiting from incentives related to duties and taxes, has failed to achieve significant improvements in exports.

Tag: ECC