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ECC gives approval to Kamyab Pakistan Program, other projects


Daily Times
Micro-loans will be extended to entrepreneurs and farmers under Kamyab Karobar and Kamyab Kissan schemes
July 17, 2021
The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved the flagship ‘Kamyab Pakistan Program’ besides approving several other projects.
The ECC meeting was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin, according to press statement by Finance Ministry here.
The meeting was attended by Federal Minister for National Food Security and Research, Fakhar Imam; Federal Minister for Energy, Hammad Azhar; SAPM on Finance and Revenue, Dr. Waqar Masood; SAPM on Power and Petroleum, Tabish Gauhar; SAPM on Youth Affairs, Usman Dar, Secretaries of Finance Division, Communication and Industries and Production. Governor State Bank of Pakistan, Chairman PTA and other senior officers also participated in the meeting. The Kamyab Jawan Programme is a flagship program that would extend micro-loans ....

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Subsidies on key USC items withdrawn


Subsidies on key USC items withdrawn
ECC decision to impact prices of flour, sugar and cooking oil
ISLAMABAD:
The federal government has decided to increase prices of wheat flour, sugar and cooking oil in the range of 19% to 53% at the Utility Stores Corporation (USC) by reducing subsidies for the poor, taking a second major administrative decision in as many days that will further fuel inflation.
The Economic Coordination Committee (ECC) of the cabinet on Friday increased the sugar prices to an amount even more than what the Ministry of Industry had recommended in its summary.
Despite the claimed sugarcane bumper crop, the ECC meeting – chaired by Minister for Finance Shaukat Tarin – also approved to import 200,000 metric tons more sugar, taking the total quantity to 300,000 metric tons within three weeks. ....

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