ECC approved different proposals
Chitral Times Report
ISLAMABAD: The Economic Coordination Committee (ECC) considered
and approved proposals submitted by different ministries, in its
meeting held on Friday, chaired by Finance Minister, Senator
Mohammad Ishaq Dar.
ECC approved payment of salaries amounting to Rs. 380 million for
the month of January 2017 to Pakistan Steel Mills employees on
ECC considered and approved the proposal from the Ministry of
Finance for issuance of Letter of Comfort to National Bank of
Pakistan or any other financial institution which will in turn
issue Standby Letter of Credit(SBLC) for the comfort of commercial
lenders of the Lahore Sialkot Motorway project.
ECC considered and approved proposal of Ministry of Petroleum and
Natural Resources for allocation of 10 mmcfd gas from Tolang Gas
field to SNGPL. The price of gas will be as per the applicable
ECC also considered and approved a proposal of the Ministry of
Commerce with respect to the Prime Ministerís Package of Incentives
for Exporters. For export shipments until 31st March 2017 under the
Package, ECC approved extension in deadline for submission of
claims from 90 days after shipment to 120 days after shipment. ECC
also approved inclusion of certain finished leather projects in the
DLTL order under the Package.
ECC considered a proposal of the Ministry of Petroleum regarding
transportation of crude oil from Adhi Oil Field, and authorized the
concerned company to deal with the transportation arrangement of
crude oil from the field purely on open competition basis without
any involvement of the Government.