• 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.
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 to entrepreneurs
Subsidies on key USC items withdrawn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.
ECC approves sugar import, fertiliser subsidy
July 17, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved import of 200,000 tons sugar, subsidy on DAP fertiliser for cotton and rice crops and procurement of 200,000 cotton bales by Trading Corporation of Pakistan.
The ECC also granted approval for increasing rates of sugar, wheat flour and ghee at Utility Stores Corporation (USC) of Pakistan. The price of sugar was jacked up from Rs68 per kg to Rs85 per kg, ghee from Rs170 to Rs260 per kg and Atta from Rs850 per bag to Rs950 per bag at USC.
The ECC also granted approval for the draft policy directives related to auction of next generation mobile services (NGMS) in Jammu and Kashmir.
ECC approves hike in prices of essential items
By
Saturday Jul 17, 2021
Minister for Finance and Revenue Shaukat Tarin chairs the meeting of the Economic Coordination Committee (ECC) of the cabinet. -APP
ECC approves increase in prices of sugar, wheat flour and ghee at the Utility Stores Corporation (USC) of Pakistan.
Okays settlement of Rs116 billion in power sector loans.
PTI s Kamyab Jawan Programme has also been approved.
ISLAMABAD: The prices of essential commodities are set to increase, placing more burden on the common man already under pressure, as the Economic Coordination Committee (ECC) of the cabinet approved an increase in the rates of sugar, wheat flour and ghee at the Utility Stores Corporation (USC) of Pakistan.