Islamabad December 17 2021: The ECC after deliberation approved the summary presented by Ministry of Commerce on Textile and Apparel Policy 2020-25 with directions to incorporate inputs of FBR and Finance Division and meet the observations of Power Division.
Mr. Omar Ayub Khan, Federal Minister for Economic Affairs chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad, today. The ECC Meeting was attended by Adviser to the PM on Finance & Revenue Mr. Shaukat Tarin, Minister for Industries & Production Makhdum Khusro Bakhtyar, Minister for Energy Mr. Hammad Azhar, Minister for Railways Mr. Muhammad Azam Khan Swati, Minister for Interior Sheikh Rashid Ahmed, Federal Minister for National Food Security & Research Syed Fakhar Imam, Adviser to the PM on Commerce & Investment Mr. Abdul Razak Dawood , Minister of State for Information & Broadcasting Mr. Farrukh Habib, Governor SBP, respective federal secretaries and other senior government officers.
On the recommendations of Technical Advisory Sub-Committee, ECC also approved the following Technical Supplementary Grants: i. Technical Supplementary Grant for amount Rs. 2,650.968 Million in favour of Ministry of Housing & Works for execution of development schemes in the province of Sindh and Balochistan under SAP. ii. Supplementary Grant / Technical Supplementary Grant in favour of Ministry of Energy for payment of First Instalment (40%) to IPPS of 2002 under payment mechanism. iii. Supplementary Grant to Ministry of Information & Broadcasting amounting to Rs. 2 billion for launching comprehensive media campaign on Government initiatives, Programmes and Projects.
The ECC, after detailed discussion, deferred a summary tabled by Ministry of National Food Security & Research for notification of minimum indicative price of Tobacco Crop 2022 with the directions that a committee may be formed to address the observations of stakeholders and present the proposal in the next meeting after detail revision. Earlier, Adviser to the Prime Minister on Finance & Revenue Mr. Shaukat Tarin, presided over the meeting of Technical Advisory Sub-Committee. The TASC reviewed the summaries in details and presented its recommendations to the ECC for its consideration.
