Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today.Â
The ECC considered a summary from the Ministry of Industries and Production regarding the export of 40,000 metric tons of sugar to Tajikistan. In principle, the ECC approved the proposal; however, it directed that after further discussions with the Tajik entity, the final form of the sale agreement be brought back to the ECC for approval. Â
Additionally, the Ministry of Industries and Production, in conjunction with the Trading Corporation of Pakistan (TCP), will lead this process. Â
The ECC also reviewed and approved another proposal from the Ministry of Industries and Production regarding the further export of 0.100 million metric tons of surplus sugar. Â
The meeting was told that the price of sugar as per PBS data had shown a downward trend since July while sufficient stocks of sugar were available to meet domestic requirements up to January next year. After detailed discussions and deliberations, the ECC approved the export in line with the terms and conditions already decided by the ECC in its meeting on 13 June. Â
In another agenda item, the ECC also reviewed a proposal from the Ministry of Interior concerning the release of funds through a Technical Supplementary Grant for Project Implementation Letters of HQ Frontier Corps (FC), Khyber Pakhtunkhwa (South). Â
The ECC gave approval for the funds amounting to Rs. 456.600 million, and it will be released as Grant-in-Aid to the Interior Division for onward disbursement to HQ FC (South) in D.I. Khan for construction of eight women facilities in tribal districts.Â
The meeting was attended by Minister for Industries Rana Tanveer Hussain, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister for Planning Ahsan Iqbal, Minister of State for Finance and Revenue Ali Pervaiz Malik, Deputy Chairman Planning Commission, Governor SBP, and Chairman SECP, along with Federal Secretaries and senior officers from the concerned Ministries and Divisions.Â
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