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

Allows procurement of 8.25m tonnes of wheat, imposes ban on onion export

ECC likely to give approval for A$40.1m investment in Australian mill

Will discuss proposal to encourage overseas Pakistanis to use legal channels

Senate panel informed ECC was asked to ban export of wheat thrice in June last year

ECC also approves establishing Digital Media Wing in the Ministry of Information and Broadcasting

Oil marketing company’s receivables have mounted to Rs355 billion

ECC discusses summary to increase gas prices, defers matter till next meeting

Economic Coordination Committee to decide on exemption on sales tax of 5%

PM Imran orders countrywide ‘grand operation’ in an attempt to tackle wheat crisis

PM's aide Nadeem Babar says govt committed to TAPI project

Constitutes negotiating committee after experts termed earlier price economically unviable

Amendments aimed at passing on cost of inefficient governance to consumers, timely notification of tariff increase

SBP has 90% shares in HBFC; their sale will pave way for company’s privatisation

Also allows duty-free import of cotton

This will take total excess expenditure above approved budget to Rs392b in FY19

Delay due to differences over required increase in light of double-digit inflation

Supplementary grant will bring package for medics in ICT at par with those in Punjab

Will invest money in additional shareholding in South African company

Sets minimum price at Rs1,350 per 40 kg

Decision will give govt two more years to repay loans taken to cut circular debt

Gives go-ahead for release of 650,000 tons of wheat to K-P, Sindh, Balochistan

Shahbaz Rana’s recent story (The Express Tribune, October 23, 2019) makes it official - there was no Western route

Despite a ban, millers continue to increase flour prices

Discussions held on proposal of placing PHA under control of commerce ministry

Copy of amendment bills will be presented in the parliament for approval

Move aimed at ensuring financial institutions submit annual reports before deadline

Move comes amid FBR's refusal to grant sweeping concessions through SRO

Vendors had started selling naan in the range of Rs12 to Rs15 in different cities – up from Rs10

Finance Division could not release amount for March-June FY19

It is believed the restriction may not stop smuggling to Afghanistan

ECC gives green signal to privatise PSM

Sherry Rehman says China is doing work that the government should do

Expert group suggests turning steel mill into a public-private partnership

Committee expresses deep concern over the increase in prices of medicines and food items

Economic Coordination Committee extends deadline for preparing revival plan for PSM

Country needs one more gas terminal in view of growing demand

ECC’s selection of the nominated departments is slightly puzzling

Also freezes, in principle, payments worth Rs96b that PIA owes to CAA

Govt could not arrange funds for $10b worth of Diamer-Bhasha and Mohmand dams; ECC approves Rs2b Ramazan package

ECC directs panel to give report on needs of armed forces