ECC meeting

0
37

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 here at the Cabinet  Division. ECC allowed the amendment in the import of Customs Duty Free Cars under disabled persons  ‘scheme. Under the new amendments the income bracket of the person who is importing the  vehicle is increased from the current limit of Rs. 20,000 to 100,000 to 100,000 to 200,000 per  month. He will be allowed to import the vehicle if he has not imported or purchased locally  assembled car during the last 10 years under the scheme provided that he holds NTN Certificate  and files annual tax return.
ECC approved the Incorporation of Pakistan Single Window Company under section 42 of the  Companies Act, 2017 with its objectives as contained in the Memorandum & Articles of
Association. The composition of the Board of its Directors was also approved.
ECC also gave approval for the provision of technical supplementary grant of Rs. 219.631 million  for the reimbursement of the expenditure of National Coordination Committee on Covid-19 for  the current financial year. Rs. 6 billion were approved for the Ministry of Railways as additional  grant @ 500 million per month to defray its mandatory liabilities including pay and pensions.
Two technical supplementary grants amounting to Rs. 160 million and Rs 96 million were
approved for the Ministry of Federal Education and Professional Training to carry out the “Skill  for all” program and for “Mainstreaming of Religious Education and matters related to deeni  Madaris” respectively.
The Publication of Rolling Spectrum Strategy 2020-2023 was also approved by ECC.
A detailed discussion on the issue of wheat import was also held but could not be finalized due  to the paucity of time. Chairman ECC decided that the issue being critical in nature would be  further deliberated in a special meeting of the ECC to be held within the current week.

LEAVE A REPLY

Please enter your comment!
Please enter your name here