Economic Coordination Committee allows 0.2m tonnes of sugar export
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Monday approved the export of 200,000 tonnes of sugar. The ECC meeting, presided over by Finance Minister Muhammad Aurangzeb, also cleared a Rs3 billion grant to purchase 15 bulletproof sedans for deployment during the upcoming Shanghai Cooperation Organisation (SCO) Council Summit, which Pakistan is hosting this month. The…
The Economic Coordination Committee (ECC) endorsed the export of 200,000 tonnes of sugar on Monday. The meeting, chaired by Finance Minister Muhammad Aurangzeb, also approved a Rs3 billion grant for acquiring 15 bulletproof sedans for security during the upcoming Shanghai Cooperation Organisation (SCO) Council Summit. The ECC reviewed the National Food Security's proposal to export sugar and approved the steering committee's recommendations for safeguarding domestic prices.
It also authorized funds for purchasing the bulletproof vehicles, necessary for the safety of heads of state. The ECC emphasized the significance of the SCO Summit and recommended following the security protocols observed at the recent event in Kyrgyzstan. Furthermore, the ECC discussed the restructuring framework for the National Shipping Corporation (PNSC) and its ownership and management control.
The meeting also approved the Petroleum Division's draft Upgrade Agreement for refinery upgradation projects, including incentives, with a five-year completion timeline. The ECC deferred the Science and Technology Division's request for reviewing the inspection regime for commercial imports of used vehicles, requesting a resubmission with the committee's recommendations.
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