ECC approves retrenchment plan of Pakistan Steel Mills

Sep 30

Finance

ECC approves retrenchment plan of Pakistan Steel Mills

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the retrenchment plan of Pakistan Steel Mills (PSM). Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the ECC meeting at the Cabinet Division. The Ministry of Industries and Production brought a summary to the ECC on the […]

by Mrs. Anjum Shahnawaz

Regulatory duty, additional customs duty withdrawn on various textile products

Sep 23

Taxation

Regulatory duty, additional customs duty withdrawn on various textile products

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved withdrawal of regulatory duty and additional customs duty on various textile products. The regulatory duty and additional customs duty have been removed on HS Codes of textile sector, including fibers, yarns and fabrics of Nylon, Viscose, Acrylic, Rayon, Silk, Wool and vegetable based […]

by Mrs. Anjum Shahnawaz

ECC approves expanding duty free car import scheme for disabled persons

Sep 16

Taxation

ECC approves expanding duty free car import scheme for disabled persons

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday granted approval to expand the scheme of duty free car import by disabled persons. The ECC allowed amendment in the import of Customs Duty Free Cars under disabled persons scheme and increased the limit of importing cars under the scheme. The ECC meeting was […]

by Mrs. Anjum Shahnawaz

ECC decides to abolish regulatory duty on smuggling prone items

Jun 25

Pakistan Customs

ECC decides to abolish regulatory duty on smuggling prone items

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) has decided to abolish regulatory duty on smuggling prone items. In a meeting held on Thursday chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh also decided in favour of removal/reduction of regulatory duty on the smuggling prone items, including fabric, […]

by Mrs. Anjum Shahnawaz

Jun 18

Finance

ECC extends SBP’s refinance scheme with additional benefits

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved extension to the refinancing scheme of the State Bank of Pakistan (SBP) up to September 30, 2020 from June 30, 2020. A statement said that the ECC approved the “Risk Sharing Facility for SBP Refinance Scheme to support employment and prevent layoff of […]

by Mrs. Anjum Shahnawaz

ECC forms body for hedging prices of imported petroleum products

Jun 4

Energy

ECC forms body for hedging prices of imported petroleum products

ISLAMABAD: The government on Wednesday constituted a committee for hedging prices of imported petroleum products. The formation of the committee was approved by Economic Coordination Committee (ECC) of the Cabinet, chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh. The ECC set up a body headed by Special Assistant […]

by Mrs. Anjum Shahnawaz

ECC okays mobile device manufacturing policy

May 21

IT & Telecom

ECC okays mobile device manufacturing policy

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved mobile device manufacturing policy. The policy is aimed at to promote local manufacturing and assembly of mobile phone handsets. The policy approved in a meeting of the ECC chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh […]

by Mrs. Anjum Shahnawaz

ECC discusses arrest of PNSC ship by South Africa

Apr 22

Finance

ECC discusses arrest of PNSC ship by South Africa

ISLAMABAD: South Africa has arrested a ship of Pakistan National Shipping Company (PNSC) for alleged payment default by Pakistan Steel Mills. The issue was discussed at the Economic Coordination Committee (ECC) of the Cabinet on Wednesday which was chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh. A statement […]

by Mrs. Anjum Shahnawaz

ECC approves electricity subsidy package for export sector

Mar 11

Finance

ECC approves electricity subsidy package for export sector

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved a special relief package for export sector in shape of subsidized electricity. 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 on Wednesday at the Cabinet Division. The ECC […]

by Mrs. Anjum Shahnawaz

ECC approves withholding tax exemption on remittances transfer to bank accounts

Mar 4

Finance

ECC approves withholding tax exemption on remittances transfer to bank accounts

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved exemption from withholding tax on transfer of remittances into bank accounts. The ECC approved at the meeting on Wednesday chaired by Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh. The ECC approved that the amount of the remittances transferred into bank accounts […]

by Mrs. Anjum Shahnawaz