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ECC approves Rs 7.8 billion Ramazan Relief Package


ECC approves Rs 7.8 billion Ramazan Relief Package
  Published On
Under the proposed package, the Utility Stores Corporation (USC) would subsidize 19 essential items
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved Rs 7.8 billion  Ramazan Relief Package-2021  to provide maximum relief to the marginalized segments of the society during the holy month of Ramazan.
The ECC meeting was chaired by Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, according to press statement issued by the Finance Ministry here.
The relief package was presented before the committee by Ministry of Industries in accordance with the directive of the Prime Minister. ....

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ECC to approve hike in OMCs' margins


ECC to approve hike in OMCs’ margins
Considers proposal to allow interim increase of 6.5% on sale of petroleum products
Committee had recommended increase in margins of petrol and diesel by Rs0.19 per litre to Rs3 per litre each for OMCs. PHOTO: FILE
ISLAMABAD:
The Economic Coordination Committee (ECC) is likely to allow interim increase in margins of oil marketing companies (OMCs) by 6.5% on sale of petroleum products.
Earlier, the ECC had considered a proposal to hike margins of OMCs. However, it had constituted a committee to analyse and examine the margins historically before taking any decision.
The economic decision making body was informed that a study was not conducted by Pakistan Institute of Development Economics (PIDE) as the Oil and Gas Regulatory Authority (Ogra) and Planning Commission were not ready to bear the expenses. ....

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ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams


ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams
  Published On
The ECC approved amendments in the Master Plan for establishing five terminals
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Federal Cabinet Thursday approved the Ministry of Water Resources’ proposal in principle for the issuance of WAPDA’s debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand dams.
The ECC, which met with Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh in the chair, directed for working out modalities for the issuance of the bonds in consultation with the Finance Division and the State Bank of Pakistan (SBP), according to a Finance Ministry press release. ....

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