The Economic Coordination Committee (ECC) on Thursday approved in principle to allow Water and Power Development Authority (Wapda) to float Eurobonds worth the US $ 500 million for mega-dam projects. Federal Minister for Finance and Revenue, Dr. Abdul Hafeez‘s finance advisor, chaired a meeting. Ministry of Water Resources presented a summary for issuance of WAPDA’s…
Our Correspondent The Economic Coordination Committee (ECC) on Wednesday formed a committee to settle Rs 1.6 trillion debt in the oil and gas sectors. Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired the meeting of the ECC. A committee will prepare a well-rounded proposal in a month and submit it before…
Moen Khan The PTI government has tightened duty-free import of cars for disabled persons following the opposition of two key ministers. Earlier, the government had allowed the import of cars once in five years. However, it allows importing once in ten years period. It has also increased the income bracket of disabled persons from Rs—100,000…
Aftab Ahmed The Minister for Maritime Affairs has protested over denying the first right of the Pakistan National Shipping Corporation (PNSC) for shipping imported products. He had taken up the matter of PNSC several times on different forums. Now, he took up the matter of PNSC in a recent meeting of the cabinet. Zaidi raised the…
Aftab Ahmed The Economic Coordination Committee (ECC) on Thursday approved Rs.1000 per bag subsidy on fertilizer under 50 kg bag. The ECC approved the subsidy under PM’s Package for Rabi Crops in a bid to provide relief to farmers. Moreover, the government will give Rs.1000 per 50 kg bag subsidy on fertilizers; DAP, P, and…
Aftab Ahmed Islamabad: The federal government has expedited efforts to implement Mobile Device Manufacturing Policy – to promote local manufacturing and assembly of mobile handsets in the country as the Pakistan Telecommunication Authority (PTA) seeks feedback from all stakeholders draft rules and regulations for local mobile phone manufacturing. Economic Coordination Committee (ECC), in its meeting…
Aftab Ahmed Islamabad: The government has approved the changes in key parameters to lower the age limit for IT-related business to avail the loan under Prime Minister’s Kamyab Jawan-Youth Entrepreneurship scheme (PMKJ-YES), a move that will help to achieve the $5 billion IT export remittances target. This step aimed at boosting IT-related activities in the…
Aftab Ahmed Islamabad: The cabinet has ratified the economic coordination committee (ECC) decision to resume the operation of Jamshoro Joint Venture Limited (JJVL). It will kick off liquefied petroleum gas (LPG) production to increase domestic supply and reduce imports. LPG imports had increased following the discontinuation of an LPG agreement between JJVL and Sui Southern…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) turns down a NAB representation proposal in an Advisory Committee. IT ministry intends to release the unsold spectrum for telecom companies. The IT Ministry proposed NAB representatives in the advisory committee to avoid issues in the future. The summary of the IT ministry is presented before ECC…
Aftab Ahmed The Privatization Division on Thursday decided to move a summary to Economic Coordination Committee (ECC) to de-cap dividends of Mari Petroleum Company before offering shares to investors. In a meeting held in the Privatization Division chaired by Federal Minister for Privatization Mohammed Mian Soomro took up the matter of de-capping of dividends of…