ECC Meeting approves requests of Technical Supplementary Grants

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Khalid Sibtain

Islamabad: Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Minister for Energy Mr. Hammad Azhar, Federal Minister for Privatization Muhammedmian Soomro, Federal Minister for Water Resources Chaudhry Moonis Elahi, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood, Federal Secretaries and senior officers attended the meeting.

Ministry of Commerce submitted a summary for rationalization of tariff on import of vehicles and other items requested by MOIP & other sectors. The meeting discussed the summary in details and approved recommendations of the Tariff Policy Board with some modifications. The forum also decided to review some recommendations relating to automotive sector after six months.

Ministry of Industries and Production tabled a summary for the import of Urea from China by TCP. The ECC after deliberation allowed import of 50,000 MT of Urea on GoG basis with People’s Republic of China on immediate basis subject to clearance from the PSQCA. TCP was also tasked to negotiate price with Chinese supplier authorized by Govt of China for further import of Urea.

The ECC also approved requests of Technical Supplementary Grants presented by Petroleum Division and Finance Division. The request of Power Division for TSG was also approved subject to the reconciliation with Finance Division.