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ECC Meeting, Sugarcane Support Price Increased to Rs. 130/Maund

Islamabad (November 07, 2018): Economic Coordination Committee has confirmed the support price of sugarcane to be Rs. 130 per maund in today’s meeting chaired by Finance Minister Asad Umar.

The ECC approved one month salary for the employees of Pakistan Steel Mills and announced a package of Rs. 1 billion for the wives of Pakistan Steel Mills pensioners.

Moreover, import of 50-ton Urea was also confirmed in the meeting whereas the support price of wheat is fixed at Rs. 1300 per maund. Increased price of cement was also part of the discussion in the meeting for which it was hinted that it was caused due to the involvement of dealers and provincial governments were asked to look into the price.

Earlier on October 24, after suspending thrice, the Economic Coordination Committee (ECC) gave the approval of an increase in power tariffs.

The decision of increase in power prices was made in ECC meeting Presided over by the finance minister Asad Umar.

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Announcing the decision finance minister said that the increase in price less than what was expected as the step was the part of a drive to bridge the gap between receives and payment of circular debts.

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