Islamabad
\nThe Economic Coordination Committee (ECC) after deliberation approved the policy with certain amendments on Wednesday.
\nThe Ministry of Commerce had submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report.
\nFederal Minister for Finance and Revenue Shaukat Tarin presided over ECC of the Cabinet.
\nFederal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Energy Mr. Hammad Azhar, Federal Minister for Privatization Muhammedmian Soomro, Adviser to the PM on Commerce and Investment Abdul Razak Dawood, Federal Secretaries and senior officers attended the meeting.
\nECC discussed in details and approved summary submitted by Ministry of Communication for issuance of sovereign guarantee or SBLC worth of Rs. 6944.0 million against Operational Viability Gap Funding (VGF) for the construction of Sialkot (Sambrial) \u2013 Kharian Motorway project on BOT basis.
\nMinistry of Energy, Petroleum Division submitted a summary on 15 years\u2019 extension of lease contract between Saindak Metals Limited and MCC China for Saindak Copper Gold Project. ECC after detailed discussion allowed the extension of lease contract and recommended to review financial aspect of the project annually by the professional expertises.
\nThe ECC also approved Ministry of Energy, Petroleum Division\u2019s summary on determination of RLNG sale price for PLL\u2019s supply to K-Electric (KE).
\nOn another summary of Ministry of Energy, Petroleum Division, for revision of gas price of Mazarani Gas field held by M\/s PPL and GHPL, the ECC approved the proposal of revision of gas price applicable to Mazarani Gas Field from US$ 1.75\/MMBTU to US$ 3.75MMBTU from 1st September 2021.
\nThe ECC also considered and approved Technical Supplementary Grants submitted by different Ministries\/Divisions.
\nThe ECC deferred Power Division\u2019s two summaries on Settlement of Payables to Government Owned Power Plants and Reinstatement of Tax on dividend for investors\/shareholders of IPPs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad The Economic Coordination Committee (ECC) after deliberation approved the policy with certain amendments on Wednesday. The Ministry of Commerce had submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report. Federal Minister for Finance and Revenue Shaukat Tarin presided over ECC of the Cabinet. Federal Minister for National Food Security […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":{"0":"post-243626","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n