April 24, 2024

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Pakistan Revenue

Tag: Economic Coordination Committee

ECC approves Rs10 billion as reimbursement of transfer charges to banks
May 5
Finance, Money & Banking

ECC approves Rs10 billion as reimbursement of transfer charges to banks

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved Rs10 billion for re-reimbursement of telegraphic transfer charges to the banks on home remittances. Federal Minister for Finance and Revenue Shaukat Tarin chaired the meeting. The Technical Supplementary Grants were approved by ECC in its meeting held on Wednesday: • Rs.10 billion for the […]

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ECC approves customs duty withdrawal on cotton, yarn import
Apr 14
Finance

ECC approves customs duty withdrawal on cotton, yarn import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the withdrawal of customs duty to ensure smooth supply of cotton and cotton yarns to the value-added industry, while bridging the gap between domestic production and overall demand for the inputs. Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar, chaired […]

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PIA restructuring plan to be presented before federal cabinet after tax liability reconciliation
Apr 7
Finance

PIA restructuring plan to be presented before federal cabinet after tax liability reconciliation

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday recommended to present restructuring plan of Pakistan International Airlines Corporation Limited (PIACL) before the federal cabinet after reconciliation of tax liabilities. Sources in Large Taxpayers Office (LTO) Karachi said that billions of rupee as tax liability was pending against the PIACL. Federal Minister for […]

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ECC approves cotton, yarn import from India
Mar 31
Finance

ECC approves cotton, yarn import from India

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of cotton and yarn from India. This was disclosed by Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment, in a tweet. “To keep the momentum of our value-added exports, ECC in its meeting held today approved import of […]

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ECC approves cotton import through land route
Mar 10
Finance

ECC approves cotton import through land route

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of cotton through land route subject to fulfillment of codal formalities. Federal minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the ECC. The ministry of commerce tabled a summary before the ECC seeking permission for import of […]

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ECC approves tax recommendations for telecom sector
Feb 19
Finance

ECC approves tax recommendations for telecom sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved tax recommendations for telecom sector, which were already endorsed by the Federal Board of Revenue (FBR). Secretary, Ministry of Information Technology and Telecommunication presented a summary regarding taxation issues of the Telecom Sector. The ECC had earlier constituted a sub-committee dated October 20, […]

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ECC approves renewal of gas supply agreement between SSGC, Fauji Fertilizer
Feb 3
Energy, Finance

ECC approves renewal of gas supply agreement between SSGC, Fauji Fertilizer

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved the renewal agreement of gas supply between Sui Southern Gas Company (SSGC) and Fauji Fertilizer Bin Qasim Limited. Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the ECC of the Cabinet. Federal Minister for Planning, Development and […]

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ECC approves continuation of general subsidy through Utility Stores
Jan 28
National

ECC approves continuation of general subsidy through Utility Stores

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved to continue general subsidy on five essential items provided to consumers through Utility Stores Corporation (USC). Dr. Abdul Hafeez Shaikh, Federal Minister for Finance and Revenue chaired the meeting of ECC. Ministry of Industries and Production presented three proposals related to the Utility […]

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