ECC

ECC approves five-year extension for Zamzama gas field in Dadu

Committee on food security forms subcommittee on import of olive plants

ECC approves increase to recover Rs660 billion

Meeting to give extension of utility stores network, supplementary grant of Rs193 billion

Measure taken to protect OMCs from sustaining a Rs7 per litre loss

Subsidy approved for entire population of country

Committee to meet today to review payment of salaries of PSM workers

Cabinet body approves NRLP to boost remittances

Meeting to discuss the one-point agenda of the National Remittance Loyalty Programme

Had deferred approval due to observations made by SBP and FBR

ECC meeting today also expected to set support price of cotton

Joint border markets will be set up at Mand, Gabd and Chedgi

Approves $17m for paying liabilities of Roosevelt hotel in New York

The meeting will review a 13-point agenda, including providing 500,000 metric tonnes of wheat to KP

Authorises EAD to sign $1b worth of agreements for July-December 2021

Directs signing of new PPA should be expedited for smooth payment mechanism

Arbitration agreement will pave way for issuing NSC for sale of K-Electric shares

Move will free three LNG-based power plants from 66% guaranteed offtake

Government had put release of funds on hold following investigation

Agreements aimed at devising payment mechanism for clearing outstanding payables amounting to Rs403b

ECC sets up a committee to approve second bailout package of $36 million for Roosevelt Hotel

The division also apprised the committee of its implementation plan

Waives additional 2% duty on 152 tariff lines, endorses more wheat import

Finance ministry withdraws summary from cabinet agenda

Govt to convert a 12-year-old grant into equity in a questionable deal

It will also mull request for amendment to PQA master plan for LNG terminals

Bonds will help raise $500m for financing Mohmand, Diamer-Bhasha dam projects

Members say no data available to confirm benefits to economy if incentives offered

Defers approval of Karachi package again and request for import of more wheat

Delay in implementation of policy shakes confidence of foreign mobile manufacturers

Committee unsure about base of numbers for Rs9.5 billion subsidy claim

Also decides to request G-20 nations for additional debt relief of $915 million

Adviser to PM on Finance says there has been no increase in public debt in four months

PTI govt has already okayed a plan to cut 9,350 jobs at PSM

Approval comes in wake of ruckus in cabinet over surging inflation

Proposal comes two days after ECC endorsed Rs1,600 as minimum procurement price

Committee fails to agree on Rs1,000-per-bag fertiliser subsidy

ECC okays Rs16.5b supplementary grant to raise special force to protect CPEC projects

Govt delays 25% price increase due to inflationary implications, political uncertainty

Approves purchase of 640,000 tons at cost of up to $284 per ton

ECC approves plan to book Rs72.5 billion circular debt in budget of this fiscal year

Industries’ ministry seeks increase in rates of essential items sold at utility stores

Govt has permitted LNG import by private sector to utilise capacity of 2nd terminal

Decision comes amid reservations about high price, using Russian ships for shipment

Electricity rates up by up to 17%; gas by nearly 15%

Govt may keep prices static for domestic consumers and tandoors

Economic Coordination Committee seeks report on total outstanding employee-related liabilities of PSM 

Bids cancelled on allegation of collusion among importers

PBS data showed over 2% increase in wheat prices in past one week alone

Three-year strategy will ensure faster telecom network speed