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Substantial rise in essential items' prices okayed - Newspaper


• ECC allows transfer of marine assets to PNSC subsidiary
• Orders import of 200,000 tonnes of sugar
• Approves procurement of 200,000 cotton bales by TCP
ISLAMABAD: The government on Friday ordered import of 200,000 tonnes of sugar to build strategic reserves and increased the prices of wheat flour, ghee and sugar by up to 53pc for sale through the Utility Stores Corporation (USC).
The decisions were taken at a meeting of the federal cabinet’s Economic Coordi­nation Committee (ECC), which was presided over by Finance Minister Shaukat Tarin and was attended by only two other members of the 14-member ECC.
The ECC also allowed import of 200,000 bales of cotton to meet requirements of the textile industry and made about Rs116 billion non-cash book adjustment in various public sector power producers to contain circular debt. ....

North West Frontier , Port Qasim , Azad Jammu , Shaukat Tarin , Kamyab Karobar , Neelum Jhelum Hydropower Company , Naya Pakistan Housing Development Authority , Ministry Of Maritime Affairs , Karachi Port Trust , Services Company Private Limited , Ministry Of Industries , Ministry Of Commerce , Gwadar Port Authority , Central Power Purchasing Agency , Generation Mobile Services , Kamyab Pakistan Programme , Pakistan Atomic Energy Commission , Ministry Of Information Technology , National Transmission , Utility Stores Corporation , Cotton Price Review Committee , Trading Corporation Of Pakistan , Pakistan National Shipping Corporation , Port Qasim Authority , Economic Coordi , Finance Minister Shaukat Tarin ,