Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. Ministry
ECC reduces tax on commercial sugar imports to 0.25pc
Published On 20 January,2021 11:02 pm
The reduction in taxes will incentivize the sugar mills for import of 300,000 MT Raw Sugar
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5% to 0.25% besides approving removal of Value Added Sales Tax on import of white sugar.
The approval was given on the presentation of summary by Ministry of Industries and Production for import of sugar with an aim to reduce upward pressure on prices of sugar and to buffer up carryover stocks before the arrival of the fresh crop.
Online Meeting on Embryo Transfer Technology held in Livestock Punjab
Lahore, January 18, 2021 (PPI-OT): Modern tools like Embryo Transfer and Crossbreeding are essential for better productivity. These views were expressed by Additional Secretary (Technical) Dr. Iqbal Shahid during an online meeting held in Livestock Punjab. The purpose of the meeting was to formulate a strategy for Livestock Breed Improvement and to consult public and private stakeholders in this regard. During the meeting, the Head of Private Semen Production Unit briefed the participants about IVF technology and said that the number of animals with excellent hereditary traits can be increased in a short period of time with the help of this technology.
Finance Minister Abdul Hafeez Shaikh has stressed that provincial governments should follow a self-sustaining model and streamline daily release of wheat to ensure steady supply in provinces as well as districts.
Hafeez directs for smooth wheat, sugar supply at reasonable prices
Published On
The minister directed Ministry of Industries and Production to continuously monitor stocks of sugar
ISLAMABAD (Dunya News) – Federal Minister for Finance and Revenue, Dr Abdul Hafeez Sheikh Monday directed the provincial governments to follow a self-sustaining model and streamline daily release of wheat to ensure steady supply in the provinces as well as districts.
The minister was chairing the meeting of the National Price Monitoring Committee (NPMC) here.
He directed the Ministry of National Food Security and Research (NFS&R) to chalk out a comprehensive strategy to ensure smooth supply of wheat flour at reasonable rates for the general public.