ECC

Insist concession will turn it into export-focused industry

Approves increase of 20% in electricity prices for export-oriented sectors

ECC also approves $142m cost to close down Roosevelt Hotel in New York

ECC refers matter to committee for further deliberation

ECC defers decision on provinces’ import requirements due to huge subsidy needs

Petroleum Division proposes SSGC may consider resuming natural gas supply to JJVL

Allows central bank to endorse overseas investment of up to $10 million

Only 1.2% of allocation released for civilian hospitals, 37% for poor

ECC approves $105 million bailout package for Roosevelt Hotel in New York

Rupee-linked bond issue will be equivalent to $200m with minimum 2-year maturity

Financing needed to lift New York hotel out of debt trap, secure its assets

Energy secretary insists any disparity in pricing structure being addressed

Decides to change petroleum product prices on a fortnightly basis

Govt will facilitate low to middle-income groups in taking loans at subsidised rates

Demands that ECC withdraw decision, warns of protests

ECC approved operation of two RLNG-based plants for three months

May give go-ahead for increase of up to Rs2.89 per unit under quarterly adjustments

Claims industry has faced Rs1.8b loss in a single day

Hydroelectric power projects will help attract $3.7b investment under CPEC

Directs chief secretaries to ensure zero tolerance for smuggling and hoarding

ECC eases borrowing limits for provinces by up to 167% to meet expenditures

Grants sanctioned to meet excess expenditures, pick cost of bleeding enterprises

Food security ministry directed to prepare summary for discussion in ECC meeting

ECC likely to approve cash support in its meeting today

Additional salary to health workers treating coronavirus patients will be disbursed under risk allowance

Initiates work to build local export brands, establish warehouses abroad

Industrial unit owes Rs22b to SSGC; Rs36.42b to NBP, SC told

Steel mill employees will get financial package of around Rs2.3 million each, says industries minister

Each of 9,350 employees to get Rs2.3 million on an average

SNGPL suffers Rs73b shortfall due to supply of expensive gas to consumers

ECC also approves mechanism to retire Rs200b circular debt

Economic Coordination Committee set to take decision in meeting on Saturday

Finds fault with disbursement mechanism which PM aide says lacks transparency

ECC allows diversion of Rs10b; approves terms of negotiations for debt restructuring to reduce electricity tariffs

Rs75b released to BISP out of Rs200b earmarked in PM’s relief package

Govt delays decision for two weeks to assess impact on sugar prices

Allows local manufacturing of mobile phones; discusses retrenchment of all PSM employees

Federal minister says cabinet had made decision to export commodity on recommendations of ECC

Proposal for call option for two years sent to ECC for approval

PTI govt to avail G-20 relief, open talks for debt restructuring with 11 members

Federal minister says business community to also be given relief in electricity bill payments

Relief package for daily wage earners will be distributed among four to six million people

Industries ministry also working on a collateral-free financing for SMEs affected by Covid-19 pandemic

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

6.2 million people will benefit from federal govt’s move

Committee will review nine-point agenda with finance adviser Abdul Hafeez Shaikh in the chair

Power Division will discuss eight-point plan with IPPs in meeting on Thursday

Total cost of package is Rs8.7b; USC will sell flour at existing prices

People expect government to reform system that leads to malpractices

It is not in national interest to damage sugar industry through rash steps