The Economic Coordination Committee (ECC) of the Cabinet on Friday endorsed the agreed framework among the concerned entities for the settlement of outstanding dues and waiver of specific financial claims to support fiscal balance and tariff rationalization. The ECC, which met here under the chairmanship of Minister for Finance and Revenue Senator Muhammad Aurangzeb took […]
Economic Coordination Committee
ECC approves key supplementary grants, trade boosting measures
A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The ECC considered a summary submitted by the Ministry of Interior and Narcotics Control regarding financial support in the form of a Technical Supplementary Grant (TSG) to […]
ECC allows commercial import of used vehicles with higher duties
The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved commercial import of used vehicles not older than five years, subject to environmental and safety standards, while imposing an additional 40 percent Regulatory Duty (RD) until June 30, 2026. The ECC meeting was chaired virtually by the Federal Minister for Finance and Revenue, Senator […]
ECC shifts SBP’s financing to Exim Bank and greenlights major financial moves
The Economic Coordination Committee (ECC) of the Cabinet decided to phase out the State Bank of Pakistan’s (SBP) long-term financing facility (LTFF) to Exim Bank. The decision was made during a meeting chaired by Finance Minister Muhammad Aurangzeb. The SBP’s LTFF portfolio of Rs330 billion will be gradually shifted to Exim Bank, with an allocation […]
Asad Umad chairs ECC meeting regarding IMF discussion
Finance Minister Asad Umar is presiding the Economic Coordination Committee (ECC) meeting in Islamabad. According to sources, Umar has called this special ECC meeting to discuss the matters regarding critical discussions in the United States on International Monetary Fund (IMF) bailout package this week. The finance minister will travel to Washington to participate in the […]
ECC grants approval for giving dues to families of deceased PSM’s employees
ISLAMABAD: The Economic Coordination Committee (ECC) on Thursday has pay dues to the families of deceased employees of Pakistan Steel Mills (PSM). The ECC committee meeting headed by Finance Minister Asad Umer has approved over Rs6.6o billion to be paid to the families of deceased employees of PSM under the head of gratuity and provident […]