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Tag Archives: Economic Coordination Committee

ECC fixes minimum support price for wheat at Rs1,400 per 40kg

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Thursday fixed the minimum support price of wheat at Rs1,400 per 40 kg to ensure parity in wheat prices throughout the country and set up a high-level Wheat Procurement Monitoring Group to ensure a smooth procurement of wheat by the public sector departments in the upcoming harvest season. The ECC also ... Read More »

ECC approves NTC revised budget estimates for FY19-2020

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. During the meeting, the ECC also okayed National Telecommunication Corporation’s revised budget estimates for 2018-19 and 2019-20. The ECC has discussed proposal to increase wheat support price to Rs 1400 per 40 kg ... Read More »

Reviving the textile industry

Textile industry is the backbone of the national economy,contributing nearly one-fourth of the industrial value addition, 8 percent of the gross domestic product and 55 percent of the overall exports. At least 40 percent of the industrial workforce is associated with this industry, but declining trends in the export of cotton products call for the introduction of a new textile ... Read More »

Overseas investment: Capital outflow reaches $457m in 5 years

ISLAMABAD: The statistics of the Finance Ministry reveals that $457 million capital has been transferred for overseas investment with the approval of the State Bank of Pakistan and Economic Coordination Committee of the Cabinet in the last five years (2009-14). Official documents revealed that $298 million outflow was recorded during 2012-13 which is the highest in five years. This was ... Read More »