- Home
- Business
- News
- Economic Coordination Committee waives off condition, directs to start crushing at earliest
Economic Coordination Committee Waives Off Condition, Directs To Start Crushing At Earliest
Fahad Shabbir (@FahadShabbir) Published December 05, 2018 | 12:33 AM
On the commerce ministry's proposal relating to export of sugar, the Economic Coordination Committee (ECC) of the Cabinet Tuesday waived off the condition related to start of sugarcane crushing and directed to start crushing as soon as possible.
The meeting of the ECC was chaired by Finance Minister Asad Umar.
The Committee observed that the matter relating to freight support for exports fall in the domain of the respective provincial governments.
With regard to the outstanding claims for the previous years, the committee directed Finance Division to release the budgeted amounts.
The ECC also allowed allocation of up to 30 MMCFD gas from Zafir field, district Sanghar, to Sui Southern Gas Company Limited.
The ECC also considered proposal from Ministry of Energy (Petroleum Division) for allocation of 66 MMCFD Mari Deep Gas to MPCL and approved the same.
The Committee sought further proposals on the utilization of the gas for power generation or production of fertilizer.
The ECC recommended to the Cabinet a case for supplementary grant of Rs1.80 billion for agriculture tube well subsidy as proposed by Ministry of Energy (Power Division).
The ECC discussed a report submitted by Ministry of Industries and Production on measures to ensure availability of Urea fertilizer in the country and the possible impact on the price of urea owing to use of RLNG due to shortage of system gas in winter.
The Committee also expressed its deep appreciation for the Power Division for having initiated a successful drive for reduction of losses and improvement of recoveries.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
2 hours ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
3 hours ago -
Today Gold Rate in Pakistan 26 April 2024
3 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
12 hours ago -
Pak-US officials engage to enhance trade, investment ties
13 hours ago
-
Stocks fall as tech shares sink, US economy slows
13 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
15 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
15 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
15 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
15 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago