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ECC approves import of controlled chemicals through commercial importers
ADVISER TO THE PRIME MINISTER ON FINANCE AND REVENUE, DR. ABDUL HAFEEZ SHAIKH CHAIRS MEETING OF THE ECONOMIC COORDINATION COMMITTEE (ECC) OF THE CABINET IN ISLAMABAD ON JANUARY 08, 2020.

ECC approves import of controlled chemicals through commercial importers

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue chaired the meeting of the Economic coordination Committee of the Cabinet here.

On a summary moved by the Ministry of Energy, Power Division for “1263.2 MW RLNG based power generation Project near Trimmu Barrage by Punjab Thermal Power (PVT) Limited –Firm Gas take off” ECC allowed “GSA to be signed by SNGP on “as available” basis with Trimm, technical supplementary grant of Rs451.681 million for Naya Pakistan Housing and development authority approved during current Fiscal Year.

Import of controlled chemicals by commercial importers allowed. acetone, anthracitic acid, ethyl ether, hydrochloric acid and sulphuric acid.

Technical Supplementary Grant (TSG) of Rs110 million approved in favor of Ministry of P& D for Afghan Projects.

Approval of TSG of 5.9 million for capacity building of teachers training institutes and training of elementary teachers in former FATA, GB, AJK, ICT approved. ECC also approved ban on export of Onion till 30th May 2020.

Amendment in Import Policy Order 2016(SRO 237(1)/2019) approved (Halal logo from country of origin to be cleared by customs till 30th April 2020.)

Nomenclature of export oriented Industries clarified and Finance Division shall release subsidy within 14 days on the receipt of claim by petroleum Division.

Public sector procurement of 8.25 million tons of wheat @ Rs1365 allowed for coming season. If need arises 0.5 million tons will be imported around the year to cater for any shortages.

Additional 100,000 tons of wheat allocated to KP, 50,000 additional to Sindh from PASSCO to cater for scarcity in the provinces before the next crop comes.

Provision of Rs636 .05 million as TSG to NDMA to cope with the locust threat all over the country also approved.