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ECC approves rationalisation of subsidies on essential commodities Business February 20, 2021 ISLAMABAD: Economic Coordination Committee (ECC) of the cabinet on Friday approved rationalisation of subsidies on essential commodities available through Utility Stores Corporation (USC) due to increase in their prices. The prices of edible oil at USCs would increase to Rs200/litre from Rs175/liter, according to the sources. The ECC approved only partial rationalisation and directed officials to provide maximum relief to the consumers despite significant price differential between subsidised price...

Finance Minister Dr Abdul Hafeez Shaikh presides over a meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad on Friday. — PID ISLAMABAD: The government on Friday abolished a 10 paisa per unit surcharge on electricity and increased the price of ghee by Rs30 per kg (15 per cent) for sale at Utility Stores. The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Dr Abdul Hafeez Shaikh that also approved about Rs850 million technical supplementary grants to various entities. The committee i...