ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has allowed sugar mills in Sindh to export their remaining sugar quota of 32,000 metric ton within 60 days.
Federal Minister for Finance and Revenue Senator Ishaq Dar chaired the meeting attended by Minister for Commerce Syed Naveed Qamar, Minister of State for Petroleum Musadik Malik, SAPM on Finance Tariq Bajwa, Coordinator to the PM on Economy Bilal Azhar Kayani, Federal Secretaries and other senior officers.
The committee approved the summary of the Ministry of Commerce regarding the extension of the period for the export of Sugar quota by sugar mills in Sindh.
It allowed them to export the remaining sugar quota of 32,000 metric tonnes within 60 days with effect from 12th June onwards in accordance with the Sindh High Court decision.
The ECC also considered a Summary of the Ministry of Railways for the Provision of additional funds in Grant in Aid to Pakistan Railways for the discharge of pending liabilities including salaries and pensions of the staff.
It was decided that an additional grant-in-aid of Rs2.5 billion may be released to address the shortfall in order to ensure the continuation of operations without interruption.
The ECC also approved over Rs256 billion in Technical Supplementary Grants: for different ministries and projects. These projects include 250 billion for Finance Division.
The Ministry of Housing and Works received five billion rupees for various development projects including Rs3.628 billion for Ministry of Housing and Works for development schemes in all provinces, Rs172.001 million for liabilities, and Rs1200 million for the execution of 16 development schemes.
The committee approved Rs. 1238 million for the Ministry of Energy (Petroleum Division) to fund the Balochistan Mineral Resources Limited’s contribution to the Reko-Diq Project for FY 2022-23.
