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Sugar, wheat import okayed to beef up buffer stocks - Newspaper

The ECC allowed tax- and duty-free import of 500,000 tonnes of refined sugar through the public sector and another 300,000 tonnes of raw sugar by sugar mills. File
ISLAMABAD: Amid rising prices, the government on Wednesday decided to allow tax- and duty-free import of 800,000 tonnes of sugar and 300,000 tonnes of wheat to beef up buffer stocks.
The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Dr Hafeez Shaikh.
The ECC allowed tax- and duty-free import of 500,000 tonnes of refined sugar through the public sector and another 300,000 tonnes of raw sugar by sugar mills. ....

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Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired meeting of Economic Coordination Committee of the Cabinet

Home / Press Information Department / Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired meeting of Economic Coordination Committee of the Cabinet
Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired meeting of Economic Coordination Committee of the Cabinet
Islamabad, January 20, 2021 (PPI-OT): Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of Economic Coordination Committee (ECC) of the Cabinet today. Federal Minister for Interior Sheikh Rasheed Ahmad, Minister for Privatization Mohammad Mian Soomro, Minister for Planning, Development and Special Initiatives Asad Umar, Minister for Industries and Production Hammad Azhar, Adviser to the PM on Commerce Abdul Razak Dawood, Minister for Petroleum Omer Ayub, Minister for Maritime Affairs Ali Haider Zaidi, SAPM on Revenue Dr. Waqar Masood, SAPM on Energy Nadeem Babar, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain and Minister for National ....

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ECC reduces tax on commercial sugar imports to 0.25pc

ECC reduces tax on commercial sugar imports to 0.25pc
Published On
20 January,2021 11:02 pm
The reduction in taxes will incentivize the sugar mills for import of 300,000 MT Raw Sugar
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5% to 0.25% besides approving removal of Value Added Sales Tax on import of white sugar.
The approval was given on the presentation of summary by Ministry of Industries and Production for import of sugar with an aim to reduce upward pressure on prices of sugar and to buffer up carryover stocks before the arrival of the fresh crop. ....

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