ECC abolishes value added sales tax, reduces advance tax to 0.25pc on sugar import

Jan 20

Finance

ECC abolishes value added sales tax, reduces advance tax to 0.25pc on sugar import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of value added sales tax and reduction of withholding income tax to nominal 0.25 percent on import of white sugar. Finance Minister Dr. Abdul Hafeez Shaikh chaired the meeting ECC of the Cabinet. The ministry of industries and Production presented a summary […]

by Mrs. Anjum Shahnawaz

ECC approves removal of additional customs duty on 152 tariff lines

Jan 6

Finance

ECC approves removal of additional customs duty on 152 tariff lines

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of additional customs duty at 2 percent on import of raw material of 152 tariff lines. Dr. Abdul Hafeez Shaikh Federal Minister for Finance and Revenue chaired the ECC meeting. Federal Minister for Interior Sheikh Rasheed Ahmed, Minister for Privatization Mohammad Mian […]

by Mrs. Anjum Shahnawaz

ECC approves issuance of $500 million Eurobonds

Dec 24

Finance

ECC approves issuance of $500 million Eurobonds

The Economic Coordination Committee of the Cabinet (ECC) convened on Thursday and granted preliminary approval for the issuance of $500 million Eurobonds, marking a significant move to secure financial resources for critical national projects.

by Mrs. Anjum Shahnawaz

Taxes removed on locally manufactured mobile phones; ECC accords approval

Dec 17

Finance, IT & Telecom

Taxes removed on locally manufactured mobile phones; ECC accords approval

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of taxes on locally manufactured mobile phones. Federal Minister for Finance and Revenue Dr. Abdul Hafeez Sheikh chaired the ECC meeting. The ECC approved Mobile Device Manufacturing and Electric Vehicles Policy (02-03 wheelers and HCVs {Heavy Commercial Vehicles}) presented by the Ministry […]

by Mrs. Anjum Shahnawaz

ECC abolishes peak-hour electricity tariff

Dec 3

Energy

ECC abolishes peak-hour electricity tariff

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Thursday approved abolishment of higher electricity tariff for peak hours. Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Minister for Privatization Muhammad Mian Soomro, Minister for Economic Affairs Makhdoom […]

by Mrs. Anjum Shahnawaz

ECC withdraws regulatory duty on cotton yarn import

Dec 2

Finance

ECC withdraws regulatory duty on cotton yarn import

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approval removal of 5 percent regulatory duty on import of cotton yarn. The Ministry of Commerce presented a proposal before the ECC regarding removal of 5 percent regulatory duty on import of cotton yarn till June 30, 2021. After detailed discussion, the chair approved the removal of […]

by Mrs. Anjum Shahnawaz

ECC approves $150 million for COVID vaccine purchase

Nov 20

National

ECC approves $150 million for COVID vaccine purchase

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an amount of $150 million for the purchase of the COVID-19 vaccine. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee of the Cabinet here at Islamabad. Minister for Industries and […]

by Mrs. Anjum Shahnawaz

ECC sets up committee to examine proposal of manufacturing SIM/smart cards

Nov 16

Finance, IT & Telecom

ECC sets up committee to examine proposal of manufacturing SIM/smart cards

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday constituted a committee to examine a proposal for manufacturing of SIM/Smart-cards in the country. The meeting of the cabinet committee was chaired by Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Sheikh while among others it was attended by Minister […]

by Mrs. Anjum Shahnawaz

ECC decides to propose increase in wheat support price to Rs1600

Oct 26

Finance

ECC decides to propose increase in wheat support price to Rs1600

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday decided to propose the federal cabinet to enhance support price of wheat to Rs1600 for the crop 2020-2021. It was briefed to the ECC that was chaired by Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue that the support price […]

by Mrs. Anjum Shahnawaz

Reduced rates of electricity, gas: ECC approves procedure for registration

Oct 19

Finance

Reduced rates of electricity, gas: ECC approves procedure for registration

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved the procedure of registration for availing reduced rate of electricity, RLNG and gas by manufacturers and industries. Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired the meeting of ECC at the Cabinet Division. The ECC approved in principle, the […]

by Mrs. Anjum Shahnawaz