Page 55 - Institutional Reforms News Today

Adviser for prioritising regulatory reforms to benefit businesses Business April 9, 2021 ISLAMABAD: Adviser to the Prime Minister on Institutional Reforms and Austerity Ishrat Husain underscored need of a strategy that prioritises identification of high impact regulations that will have visible benefits for the business community. Husain was addressing the fifth steering committee meeting on Pakistan Regulatory Modernization Initiative (PRMI) to review progress on implementation of regulatory...

Foreign ministry left out of loop on cotton import from India Some ECC members suggested seeking the opinion of the Ministry of Foreign Affairs ISLAMABAD: The Economic Coordination Committee (ECC)’s decision to allow import of cotton and sugar from India sparked a lot of discussion as it was considered a move to normalise relations with the neighbouring country through backdoor diplomacy. However, officials in the Ministry of National Food Security and Research revealed that the decision had ...

Govt approves hiring of private firms for SOEs’ forensic audit Business April 8, 2021 ISLAMABAD: The government on Wednesday approved hiring of private firms for forensic audit of Pakistan International Airlines (PIA) and other state-owned enterprises to find out causes of their losses and fix responsibilities. The decision was taken during a meeting of the cabinet committee on state-owned enterprises, presided over Minister for Finance, Revenue, Industries and Production Hammad Azhar. Mini...

ECC recommends PIACL restructuring plan for onward submission before cabinet   Published On The ECC approved Rs280 million for the Ministry of Information Technology and Telecommunications. ISLAMABAD (Dunya News) - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday recommended the restructuring plan of Pakistan International Airlines Corporation Limited (PIACL) for onward submission before the cabinet, after reconciliation of tax liability figures. The committee, the meetin...

Authority chairman briefs ECC on plan to build housing units with publicprivate partnership ISLAMABAD: Policymakers have raised questions over the partnership between Naya Pakistan Housing and Development Authority (Naphda) and the private sector to select the developers for building housing units. Naphda does not follow Public Procurement Regulatory Authority (PPRA) rules which set guidelines for awarding procurement contracts. In a recent meeting of the Economic Coordination Committee (ECC), ...

ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today. Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special incentive package ...

‘CPEC not a debt trap’ Islamabad March 12, 2021 Islamabad: China-Pakistan Economic Corridor (CPEC) is not a debt trap as all projects in the energy sector are investments and loans constitute only a small proportion of the overall CPEC portfolio, said Dr Ishrat Hussain, adviser to the Prime Minister on Institutional Reforms and Austerity. Dr Ishrat was speaking at a seminar on ‘Upscaling the economic activities of CPEC: opportunities and challenges,’organised by Institute of Regional ...

ECNEC approves water, road, health infrastructure projects   Published On Dr Abdul Hafeez Shaikh chaired the ECNEC meeting. ISLAMABAD (APP) – The Executive Committee of the National Economic Council (ECNEC) met under the chairmanship of Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh, approved various development projects including water and road infrastructure schemes. Among others, the meeting was attended by Federal Minister for Planning, Development and Special Initiati...

  ISLAMABAD, Mar.10 (Gwadar Pro) - “CPEC is a transformational and a fiscally responsible project. Pakistan and China are firmly committed to the timely completion of CPEC projects and making it a High-Quality Demonstration Project of BRI”, this was underscored by Director General China Division, Muhammad Mudassir Tipu in a panel discussion titled “Upscaling the Economic Activities of CPEC: Opportunities and Challenges”, held at Institute of Regional Studies, Islamabad.   Chairing the...

The Executive Committee of the National Economic Council (ECNEC) on Thursday approved development projects costing over Rs. 267 billion. Federal Minister