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• Allows import of cotton from Afghanistan, Central Asian Republics
• Commission for oil companies, dealers increased
• Two Punjab-based fertiliser plants to get subsidised gas
ISLAMABAD: The government on Wednesday increased commission for oil companies and their dealers on sale of petroleum products, allowed import of cotton from Afghanistan and Central Asian Republics through Torkham border and approved Rs7.8 billion worth of Ramazan package for Utility Stores.
The decision was taken at a meeting of the Economic Coordination Committee of the cabinet presided over by Finance Minister Dr Abdul Hafeez Shaikh. The ECC also allowed provision of subsidised natural gas to two Punjab-based fertiliser plants Fatima and Agritech for nine months with additional subsidy of Rs2bn to Sui Northern Gas Pipelines Limited.
ECC approves Rs 7.8 billion Ramazan Relief Package
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Under the proposed package, the Utility Stores Corporation (USC) would subsidize 19 essential items
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved Rs 7.8 billion Ramazan Relief Package-2021 to provide maximum relief to the marginalized segments of the society during the holy month of Ramazan.
The ECC meeting was chaired by Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, according to press statement issued by the Finance Ministry here.
The relief package was presented before the committee by Ministry of Industries in accordance with the directive of the Prime Minister.