ECC approves clearance of banned items landed till August 18, 2022

Sep 22

Finance, Ports and Shipping, Top stories

ECC approves clearance of banned items landed till August 18, 2022

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the customs clearance of banned items, which landed till August 18, 2022. Federal Minister for Finance and Revenue Miftah Ismail virtually presided over the meeting of the ECC. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Federal […]

by Anjum Shah

USC to disburse ration bags worth Rs540 million to flood victims

Sep 8

Finance, National, Top stories

USC to disburse ration bags worth Rs540 million to flood victims

ISLAMABAD: Utility Stores Corporation (USC) will disburse 113,700 ration bags worth Rs540 million to the flood affected people across the country. In this regard the Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the grant in favor of the USC. Ministry of Industries and Production presented a summary for release of funds for […]

by Anjum Shah

Pakistan State Oil gets Rs30 billion to avoid default

Jul 31

Energy, Finance

Pakistan State Oil gets Rs30 billion to avoid default

ISLAMABAD: An amount of Rs30 billion has been approved for Pakistan State Oil (PSO) to avoid payment default. The approval has been given at a meeting of Economic Coordination Committee (ECC), which was held in Islamabad on Sunday with Minister for Finance and Revenue Miftah Ismail in the chair. READ MORE: PSO posts massive growth […]

by Anjum Shah

Pakistan decides to lift ban on imported goods

Jul 29

Automotive, Finance, Ports and Shipping, Top stories

Pakistan decides to lift ban on imported goods

ISLAMABAD: Pakistan on Thursday decided to lift the ban imposed on imported goods except for Completely Built Unit (CBU) of motor vehicles, mobile phones and home appliances. A review meeting was held to review the ban after two months owing to serious concerns raised by major trading partners on the imposition of ban and considering […]

by Anjum Shah

ECC approves petroleum dealer margin at Rs7/liter

Jul 29

Energy, Finance

ECC approves petroleum dealer margin at Rs7/liter

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved to fix petroleum dealers margin at Rs7 per liter for petrol and high speed diesel. The decision has been taken at a meeting of the ECC presided over by Finance Minister Miftah Ismail on Thursday. The Petroleum Division submitted a summary on revision of […]

by Anjum Shah

Pakistan approves LNG at $9 per MMBTU for export sector

Jul 26

Energy, Finance

Pakistan approves LNG at $9 per MMBTU for export sector

ISLAMABAD: Pakistan on Monday approved a rate of $9 per MMBTU for supply of LNG to export sector across the country. The country’s apex economic coordination body approved the rates to provide competitive environment to the export sector at par with regional economies. READ MORE: NEPRA to conduct public hearing on KE’s petition on July […]

by Anjum Shah

Gas price hike to further push up inflation

Jul 13

Energy, National

Gas price hike to further push up inflation

KARACHI: The recent approval by Economic Coordination Committee (ECC) to increase the prices of gas will further push up the inflation, analysts said. The country is already facing the alarming rise in inflation following sure in prices of petroleum products and electricity tariff. The analysts at AKD Securities said that ECC approved hike in gas […]

by Hamza Shah

Pakistan allows release of banned items stuck up at ports

Jul 6

Finance, Ports and Shipping, Top stories

Pakistan allows release of banned items stuck up at ports

ISLAMABAD: Pakistan Tuesday allowed one-time release of consignment carrying imported goods that were banned by the government on May 19, 2022 and stuck up at ports. The country through SRO 598(I)/2022 imposed a ban on import of luxury and non-essential items in order to discourage outflow of dollars and support balance of payment. Due to […]

by Anjum Shah

ECC approves Rs55.48bn for price differential claims of OMCs

May 16

Energy, Finance, Top stories

ECC approves Rs55.48bn for price differential claims of OMCs

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved an amount of Rs55.48 billion for payment of price differential claims of Oil Marketing Companies (OMCs). Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division. READ MORE: Govt. […]

by Anjum Shah

ECC approves Ramzan Relief Package for all Pakistanis

Mar 15

Finance, National, Top stories

ECC approves Ramzan Relief Package for all Pakistanis

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved Rs8.2 billion for Ramzan Relief Package for all Pakistanis. Federal Minister for Finance and Revenue Shaukat Tarin presided over Economic Coordination Committee (ECC) of the Cabinet, on Tuesday. Ministry of National Food Security & Research presented a summary for Ramzan Relief Package. The ECC approved […]

by Anjum Shah