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Federal Minister for Finance and Revenue Mr. Shaukat Tarin chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet.

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The Economic Coordination Committee of the Cabinet during its meeting approved a summary by the Industries and Production Division for approval of tender opened on 25-06-2021 for import of 100,000 metric tons of Sugar.

Regarding the proposal for Intervention Price for Cotton 2021-2022 Crop by National Food and Research Division, the ECC constituted a committee to submit its report within 15 days. The ECC on a summary by Maritime Affairs Division directed the Petroleum Division, Finance Division, and PSO to provide a timeframe for payment of the outstanding dues to PNSC.

The ECC approved Technical Supplementary Grant of Rs. 2 billion for Foreign Affairs Division and Supplementary Grant of Rs. 8.0 billion for Textile Wing of Commerce Division. The ECC further approved the Technical Supplementary Grant of Rs. 5800 million for utilization of foreign aid of NDRMF projects, Ministry of Planning, Development, and Reforms.

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The ECC approved Technical Supplementary Grant of Rs. 10 million for Aviation Division and Technical Supplementary Grant of Rs. 73.870 million in favour of NSSP, Lahore. Similarly, the ECC approved the Technical Supplementary Grant of Rs. 20.70 million for Pakistan Academy for Rural Development, Peshawar and Technical Supplementary Grant of Rs. 1.00 billion for payment of Disparity Reduction Allowance to concerned offices.

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