Cash-strapped govt raises gas prices by up to 143%
–Rates for consumers belonging to lower and middle classes increased by 10-20%, up to 143% for ‘upper class’ –Petroleum minister says progressive tax on gas consumption will pass on burden to heavy…
Decision to increase gas prices by 46% put on hold
–ECC chaired by Finance Minister Umar leaves decision on gas price hike on PM Khan after ‘Sindh CM challenges committee’s authority’ –Info Minister Fawad says increase in gas prices will not affect…
ECNEC approves SPPAP, uplift projects for Rawalpindi, Balochistan
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) chaired by Prime Minister Shahid Khaqan Abbasi on Wednesday approved the Southern Punjab Poverty Alleviation Project (SPPAP)-IFAD assisted (Revised-II) at a total rationalised…
PM summons Economic Coordination Committee meeting on Monday
LAHORE: Prime Minister Shahid Khaqan Abbasi has summoned an important meeting of the Economic Coordination Committee (ECC) on Monday, as reported by Geo News. Provincial and federal ministers, as well as ECC members,…
ECNEC approves Baran Dam near Bannu, projects
Prime Minister Shahid Khaqan Abbasi chaired meeting of the Executive Committee of the National Economic Council (ECNEC) at the PM Office in the federal capital on Tuesday. The executive committee has approved…
ECC approves another month’s salary for PSM employees
The Economic Coordination Committee of the cabinet (ECC) on Friday approved payment of Rs380 million for the salary of the month of January to the employees of Pakistan Steel Mills (PSM). An…
ECC approves allocation of funds equivalent to $25m for NDRMF
The Economic Coordination Committee (ECC) has approved an allocation of funds equivalent to 25 million dollars for National Disaster Risk Management Fund (NDRMF), Radio Pakistan has reported. The ECC meeting was held in…
LHC terminates DTH auction, asks PEMRA to start from scratch
Lahore High Court, in a detailed decision on Wednesday, termed the recently held DTH auction null and void and asked PEMRA to re-start the entire DTH bidding process, starting with inviting new…
ECC directs NEPRA to follow policy directives of ministry
A day after giving administrative matters of regulatory agencies back to the line ministries, the Economic Coordination Committee (ECC) of the cabinet approved policy directives issued to the NEPRA by Ministry of…
ECC maintains wheat support price at Rs 1300/40kg
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday decided to maintain the Minimum Guaranteed Price (MGP) of wheat at Rs 1300 per 40 kg for wheat crop 2016-17. However, the…
ECC reduces gas price for industries from Rs 600 to 400 per MMBTU
The Economic Coordination Committee (ECC) of the cabinet on Friday reduced gas tariff for industrial sector from Rs 600 to 400 per MMBTU, but the incentive was not extended to CNG sector…
ECC allows NFML to offload near expiry urea stock on low rate
After giving an unprecedented benefit of Rs 30 billion to the local urea manufacturers, the government has allowed the state-owned National Fertilizer Marketing Limited (NFML) to offload its near expiry stock of…
ECC exempts CPEC machinery and equipment from taxes
To give impetus to the China Pakistan Economic Corridor (CPEC) projects, the Economic Coordination Committee of the Cabinet (ECC) on Tuesday granted exemption on the import of construction machinery, equipment and material…
ECC approves sovereign guarantee of Rs 10.4 billion for coal power plant in Karachi
In an unprecedented move, the Economic Coordination Committee of the Cabinet (ECC) on Friday approved sovereign guarantee against financing facility of Rs 10.4 billion from local banks for interconnection of imported coal…
ECC approves proposal of transfer of HMC to SPD
Economic Coordination Committee (ECC) of the cabinet considered and approved the proposal for transfer of Heavy Mechanical Complex to Strategic Plans Division (SPD)/PAEC. While giving approval the Committee emphasized that the said…
ECC approves Rs 1.75b Ramzan Relief Package
The Economic Coordination Committee of the Cabinet (ECC) on Monday approved Special Ramzan Package worth Rs 1.75 billion for providing relief to the consumers in the holy month this year, as compared…
ECC approves non-cash settlement of Rs 70.16b power sector dues
In a major development, the Economic Coordination Committee of the Cabinet (ECC) on Monday approved non-cash settlement of Rs 70.167 billion of power sector payables by various government entities. The ECC meeting…