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ECC

ECC grants permission to import wheat from Russia

ISLAMABAD: The Economic Coordination Committee (ECC) has granted permission to import wheat from Russia to meet the country’s demand. The ECC meeting, chaired by Finance Advisor Abdul Hafeez Sheikh, approved the import of 180,000 metric tonnes of wheat from Russia.

Permission granted to import duty free vehicles for disabled persons

ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Finance Advisor Hafeez Sheikh has approved the import of customs duty-free vehicles under the Disability Scheme. According to the statement, the income limit of persons with disabilities has been increased from

ECC sets up committee to review issues over 5G services

ISLAMABAD: The Economic Coordination Committee (ECC) has set up a committee to review issues related to 5G services. A meeting of the Economic Coordination Committee was held under the chairmanship of Finance Advisor Abdul Hafeez Sheikh. It approved the setting up

ECC approves increase in power tariff for K-Electric consumers

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved an increase of up to Rs1.09 per unit in the tariff for K-Electric on account of quarterly adjustments. The ECC meeting chaired by Adviser to the Prime

Petroleum prices to be revised on fortnightly basis

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has approved a proposal by the Ministry of Energy for revision of prices of petroleum products on a fortnightly instead of the existing monthly basis. The ECC chaired by Adviser to

Govt approves Rs6.861 billion markup subsidy on agri-loans

ISLAMABAD: The government has approved Rs6.861 billion for the provision of financial relief in terms of markup subsidy on bank loans to the farming community. The prime minister has announced a fiscal package of over Rs1,200 billion in the wake

Hafeez Shaikh to chair ECC meeting today

ISLAMABAD: Finance Advisor Abdul Hafeez Sheikh will chair the Economic Coordination Committee (ECC) meeting today. According to sources, a three-point agenda will be considered at the meeting. The meeting will review the economic situation of the country. A summary of

ECC directs Ministry of NFSR to accelerate efforts for wheat imports

ISLAMABAD: The Economic Coordination Committee (ECC) has directed the Ministry of National Food Security and Research to accelerate efforts for wheat imports. Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of the ECC at

ECC meeting to be held today

ISLAMABAD: Finance Advisor Abdul Hafeez Sheikh will chair the Economic Coordination Committee (ECC) meeting today. According to sources, the meeting of the ECC will consider a nine-point agenda, while the supply of gas to villages in gas-rich areas will also

ECC approves Rs100 million for locust control in Punjab

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved Rs100 million grant for locust control in Punjab. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic

ECC approves Rs480 million risk allowance for health care workers

ISLAMABAD: The Economic Coordination Committee of the federal cabinet on Wednesday approved Rs480.556 million to pay risk allowance to all health care workers performing duties related to COVID-19 in the federal government. The ECC meeting chaired by Finance Adviser Dr

ECC approves firing all employees of Pakistan Steel Mills

ISLAMABAD: The Economic Coordination Committee (ECC) today (Wednesday) has approved firing all employees of Pakistan Steel Mills. The decision was taken in the ECC meeting chaired by Advisor to Prime Minister on Finance Abdul Hafeez Sheikh. “The Mills haven’t been

ECC approves policy for local manufacturing of mobile phones

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Thursday approved Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile phone handsets. The policy was approved in a meeting of the ECC chaired by Adviser

ECC approves cash assistance for labourers, daily wagers

ISLAMABAD: The government has allocated Rs75 billion for distribution among labourers and daily wage earners through the BISP whose livelihoods have been affected by the COVID-19 pandemic. Economic Coordination Committee (ECC) of the federal cabinet has approved the Emergency Cash

ECC directs Food Ministry to achieve wheat procurement target

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has asked the Ministry of National Food Security and Research to closely monitor the wheat procurement process to ensure the 8.25 million tones target set this year. The ECC meeting

Govt to pay three months electricity bills for small businesses

ISLAMABAD: Minister for Industries and Production Hammad Azhar on Monday announced the government has allocated Rs75 billion to provide relief to labourers and daily wagers who have lost their jobs due to ongoing coronavirus lockdown.  Addressing a news conference in

ECC mulls increasing wheat support price to Rs.1400 per 40kg

ISLAMABAD: Adviser on Finance Hafeez Sheikh on Wednesday chaired a meeting of the Economic Coordination Committee (ECC) which discussed a four-point agenda. The ECC approved a proposal by power division for a special relief package to further continue provision of

ECC bans onion export, procures 8.25 million tons of wheat

ISLAMABAD: Economic Coordination Committee (ECC) of the federal government has imposed a ban on export on onions till 30th May this year to keep the prices under control. Prime Minister’s Adviser on Finance Dr Abdul Hafeez Shaikh chaired the meeting

ECC decides to impose immediate ban on sugar exports

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet on Monday has decided to impose an immediate ban on the export of sugar to keep prices under control. Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez chaired the

Finance advisor Hafeez Shaikh to chair ECC meeting today

ISLAMABAD: Federal advisor to the prime minister on finance Dr. Abdul Hafeez Shaikh will chair the Economic Coordination Committee (ECC) meeting today in Islamabad. The meeting will be chaired by Prime Minister’s adviser on finance Dr Abdul Hafeez Shaikh in

ECC approves 0.3mn tonnes duty-free wheat import

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved the import of 0.3 million tons of wheat without regulatory duty due to an unprecedented price hike and countrywide shortage over the last few days. The ECC meeting

Hafeez Shaikh to chair ECC meeting today

ISLAMABAD: Prime Minister’s Advisor on Finance Dr Abdul Hafeez Shaikh will chair Cabinet’s Economic Coordination Committee (ECC) meeting on Monday (today). According to the reports, The ECC meeting is supposed to decide on a six-point agenda in its meeting. There

ECC amends Power Act to ‘curtail circular debt ‘

ISLAMABAD: In line with its commitment to the International Monetary Fund (IMF), the Cabinet’s Economic Coordination Committee (ECC) on Monday has approved changes to the power act that would eventually load power customers in the form of ‘ new surcharges

ECC approves grant of Rs6bn subsidy for USC

ISLAMABAD: Economic Coordination Committee of the federal cabinet has approved grant of Rs6 billion subsidy for Utility Stores Corporation of Pakistan for procurement of essential commodities. Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh chaired the meeting approved

ECC raises minimum support price for wheat to Rs1350 per 40kg

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has increased the minimum support price of wheat from the current Rs1300 to Rs1350 per forty kilograms to safeguard the interests of the growers and ensure food security for the masses.

ECC approves plan to raise Rs136 bn financial facility

ISLAMABAD: Economic Coordination Committee of the federal cabinet has approved a proposal of Ministry of Energy to raise finance facilities of Rs136.45 billion and Rs30 billion for adjustment of existing finance facilities of Power Holding Limited. Meeting of the ECC

ECC directs release of 650,000 tonnes wheat to three provinces

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has given a go-ahead for release of 650,000 tonnes of wheat from Pakistan Agricultural Storage and Services Corporation (PASSCO) stocks to the provincial governments of Khyber Pakhtunkhwa, Sindh and Balochistan to

ECC offers new tax regime for non-resident firms

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has offered a simple tax regime to non-resident companies for making investments in the local debt market with a view to deepening the country’s capital markets. As per the new regime,

ECC decides not to increase prices of wheat

Islamabad: The Economic Coordination Committee has issued directives of not increasing the prices of wheat in the country. The decision was finalized after the meeting concluded on Wednesday September 4th. The meeting of the ECC was chaired by Advisor Finance