ECC

Sugar lobby group denies price manipulation, stock hoarding

Govt collects tariff rationalisation surcharge to reduce its subsidy bill

Govt moves to fulfil one of the remaining conditions of the World Bank loan

Sick unit stays virtually shut, employees have not been paid salaries since Oct 2016

Also approves disbursement of one month’s salary to Steel Mills employees

Approves issuance of Rs54.5b guarantees in favour of SBP, extends reduced rate of 0.4% on banking transactions

Balochistan says it was not consulted; consumer prices may rise 9.7%

Industry will take one to two weeks to work out price formula

Suggests uniform energy prices for industries across the country

Province protested against distributing its non-tax revenue to industrial sector

Earlier, it had come in for criticism for violating rules in the award of contracts

ECC asks ministry not to claim this amount from finance ministry, FBR

Petroleum ministry had recommended 33-percentage-point increase in tax rate

Says reduction has revived many sectors, should be extended to CNG sector as well

Engro Fertilizers CEO says inventory costs will come down with the start of exports

Committee provides a short-cut platform to lobbyists to gain exemptions and favours

Financing amounting to Rs136b was taken from banks to repay earlier loans

Decides petroleum secretary will head the negotiating committee

Appreciated the government for approving the establishment of LPG-air mix plants in different parts of the country

Amount of Rs30.6b available till May 2017; govt also approves buying 600MW electricity from captive power plants

Now seeks committee’s approval to regularise the unauthorised supply

Have got Rs10b export subsidy during the rule of current government

ECC defers decision on reducing re-lending rates on loans for two nuclear plants

Aims to avoid inflow of cheap wheat from Kazakhstan, protect farmers

Government has been amending laws using platform of ECC

Filling stations will also sell gas in litres instead of kilogrammes

The Ministry of Petroleum and Natural Resources is seeking to replace the Lower Zakum spot price with the Das

Approves rebate of $30/ton on export of surplus wheat

PC wanted to dispose of stocks to meet daily expenses of the steel mill

These lead to fall in electricity production and increase in outages

The initiative comes ahead of the resumption of flights between Pakistan and Uzbekistan

Will be commissioned by mid-2017, will provide 600mmcfd additional capacity

Move meant to control prices in Ramazan

Petroleum ministry had sought supply of 31mmcfd to fertiliser manufacturer

Power ministry has to bear mark-up on loans being acquired to pay hydel profit to K-P

The amount will be raised under the sovereign guarantee of the federal government

Petroleum ministry will seek approval for any additional gas (beyond 91mmcfd) to be supplied to the fertiliser sector

ECC approves summary moved to withdraw increase in duty on sale of diesel

Directs petroleum, power secretaries to consult with oil minister

Levies 15% additional duty on import of finished iron and steel products

Currently, three manufacturers dominate the industry and have posted billions in profits in 2015

ECC puts off decision, issues directives for more consultation at ministerial level

Will invite private sector to invest in new 100-250MW plants

ECC directs PSM management to send staff on leave to cut expenses

The move will trigger a hike in gas, electricity tariffs

Mandviwalla stated that the ECC has denied Sindh-based mills the opportunity to avail the subsidy

Additionally reduces Punjab and Sindh wheat export quotas by half

Approval to come as Qatari authorities agree to cut price

Petroleum ministry wants to continue provision of gas to the fertiliser plant

Government should exit value chain to ensure welfare of growers, consumers and sugar producers