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ECC Decides to Extend Export Period of Wheat Till August 31

Islamabad (June 17, 2017): The Economic Coordination Committee of the Cabinet considered and approved proposals submitted by different ministries in its meeting in Islamabad on Saturday.

The meeting was chaired by Finance Minister Ishaq Dar.

The ECC considered a proposal submitted by the Ministry of Commerce regarding the Prime Minister’s Package of Incentives for Exporters, and decided to extend the date of submission of claims till 30th September this year for shipments and exports made up to 30th of this month.The ECC considered and approved a proposal of the Ministry of National Food Security and Research to grant extension in the export period of wheat and wheat products beyond 15th March this year till 31st August this year. Only those wheat exporters, who have already shifted wheat from go downs of food departments prior to 15th March this year will be allowed to benefit from this extension.

The ECC also considered and approval another proposal of the Ministry of National Food Security and Research regarding outstanding claims of PASSCO on account of wheat supplied to Afghanistan.While considering a proposal of the Federal Board of Revenue, the ECC decided to recommend to the Federal Government to extend the period of applicability of reduced rate of 0.4 percent on banking transactions of non-filers till 30th September 2017.

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