ECC re-validates Rs 352bn for procurement of Covid-19 vaccines
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ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday re-validated Rs 352 billion in the current fiscal year for procurement of Covid-19 vaccines as the government aimed to vaccinate at least 85 million by December this year.
Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the ECC meeting (through a video link), while Minister for National Food Security and Research Syed Fakhar Imam, Minister for Privatization Muhammad Mian Soomro, Advisor to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain, Advisor to the PM on Commerce Abdul Razak Dawood, SAPM on Finance and Revenue Dr. Waqar Masood, federal secretaries, chairman FBR and other senior officers attended the meeting.
Finance Minister Shaukat Tarin addresses the ECC meeting via a video link on Wednesday. APP
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday rolled over Rs352 billion of the Covid-related Economic Stimulus Package to current fiscal to meet various expenditures, including procurement of vaccinations, and deferred approval of the five-year strategic trade policy framework.
The meeting of the ECC presided over by Finance Minister Shaukat Tarin also discussed the intervention price for cotton at a belated stage but could not take a final decision though the crop is at the last leg of sowing.
Apart from Mr Tarin, only two out of 14 ECC members attended the meeting.
Import of 600,000 metric tons of sugar allowed
July 29, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday decided to merge a summary tabled by the Ministry of Industries and Production for allowing import of 100,000 metric tons of sugar after knowing that the federal cabinet had approved the import of 600,000 metric tons of sugar in order to build up strategic reserves.
Top officials told The News in the background discussions after the ECC meeting that the forum had earlier approved import of 200,000 metric tons of sugar but when this issue came under discussion in the federal cabinet this week, it was decided to add 300,000 to 400,000 metric tons more to it so that a total of 600,000 metric tons of sugar would be imported in totality in order to build up strategic reserves in the domestic market.
ECC allows import of 600,000 metric tons of sugar
July 29, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday decided to merge a summary tabled by the Ministry of Industries and Production for allowing import of 100,000 metric tons of sugar after knowing that the federal cabinet had approved the import of 600,000 metric tons of sugar in order to build up strategic reserves.
Top officials told The News in the background discussions after the ECC meeting that the forum had earlier approved import of 200,000 metric tons of sugar but when this issue came under discussion in the federal cabinet this week, it was decided to add 300,000 to 400,000 metric tons more to it so that a total of 600,000 metric tons of sugar would be imported in totality in order to build up strategic reserves in the domestic market.
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