ISLAMABAD: The Economic Coordination Committee of the federal cabinet has approved the import of 100,000 metric tons of sugar.
A meeting of the committee chaired by Finance Minister Shaukat Tarin approved a summary by Industries and Production Division for approval of tender opened on June 25 for import of 100,000 metric tons of sugar.
It also constituted a committee for preparation of proposal regarding intervention price for cotton crop by Ministry of National Food and Research and asked to submit a report within 15 days.
The committee allowed extension of general subsidy on five essential items through Utility Stores Corporation of Pakistan for 15 days from next month and constituted a committee to work out the future course of action.
The ECC on a summary by Maritime Affairs Division, directed Petroleum Division, Finance Division and PSO to provide a time frame for payment of the outstanding dues to PNSC.
The ECC on a summary about payment of outstanding amount of net hydel profits, directed the Power Division and Finance Division to come up with a possible solution/option for raising up required financing by WAPDA within two weeks.
The ECC approved Technical Supplementary Grant of Rs. 10 million for Aviation Division and Technical Supplementary Grant of Rs. 73.870 million in favour of NSSP, Lahore.
Similarly, the ECC approved Technical Supplementary Grant of Rs. 20.70 million for Pakistan Academy for Rural Development, Peshawar and Technical Supplementary Grant of Rs. 1.00 billion for payment of Disparity Reduction Allowance to concerned offices.
The ECC approved Technical Supplementary Grant of Rs. 16.706 million for Inter-Provincial Coordination Division for payment to Federal Land Commission and approved Technical Supplementary Grant of Rs. 1012.176 million for Interior Division for Frontier Corps Balochistan (South).
The ECC further approved Technical Supplementary Grant Rs. 1.6 billion for Department of Immigration and Passports, Ministry of Interior and Technical Supplementary Grant of Rs. 456.641 million for Federal Board of Revenue to pay off the pending liabilities of the project titled “Development of Integrated Transit Trade Management System”.
