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Standing Committee Chairman on Commerce Expresses Concerns Over Expensive Wheat Imports

Standing Committee Chairman on Commerce Expresses Concerns Over Expensive Wheat Imports
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ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction

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 for the Housing and Construction sector, announced by the Prime Minister in July 2020. After due deliberation, the Committee approved the stipulated eligibility criteria and payment mechanism for cost subsidy against 100,000 housing units to be constructed during phase-I by the end of the year.

Increasing sugar rates - Newspaper

SUGAR prices are rising again. According to reports, the sweetener is now being sold for up to Rs110 per kilo in different parts of the country. This is in spite of an early and improved domestic sugar harvest when compared to the one last year and the import of significantly large quantities. According to official data, sugar output from July to December jumped to slightly below 73pc to 1.9m tonnes from 1.1m tonnes during the same period the previous year. In addition, according to the data from the Pakistan Bureau of Statistics, the country has imported 278,482 tonnes of sugar in the seven months to January. The Trading Corporation of Pakistan is reported to have brought 130,000 tonnes of the sweetener between August and November for consumption in Punjab and KP while traders have imported 150,000 tonnes to make up for the shortage. Still, barring a very brief period, sugar prices have stayed at an elevated level. Producers blame middlemen for hoarding the commodity to rig profits,

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