ECC

Aims to offset impact of deferring hike in power tariffs for six months

Govt okays increase in power tariffs to protect foreign investors

As a relief measure, tariff will be notified after three months

Relief package will provide cheap electricity to major export industries

Pakistani company is seeking to acquire 50% shares in Saudi steel unit

Wheat committee suggests price should be set at Rs1,400 per 40 kg

Also delays decision on 38% hike in power tariff for Karachi consumers

Investors await notification of policy before making investment

Govt looks for out-of-court settlement with Saudi firm that has filed case in international court

Move aimed at pushing down prices of commodities