Abb Takk News

ECC Okays Ends Regulatory Duty on Cotton Import

ISLAMABAD: Advisor to Prime Minister on Finance Abdul Hafeez Shaikh chaired a meeting of the Economic Coordination Committee (ECC) today to discuss a 10-point agenda.

During the meeting underway in Islamabad today, the Economic Coordination Committee (ECC) has given the approval to end five per cent regulatory duty on cotton imports after mulling over recommendations to encourage its imports for bringing raw cotton.

Sources said that the committee approved gas supply to Pakistan Steel Mills (PSM). It has also approved for initiating gas supply from Benari field to Sui Southern Gas Company (SSGC).

A suggestion was tabled in the ECC meeting to constitute a committee for waiving off loans of the national highway. A summary for repair work of Islamabad High Court (IHC) building was approved by the ECC members, sources added.