Prime Minister
Shahid Khaqan Abbasi chaired meeting of Economic Coordination Committee of the
Cabinet at PM Office today.
The meeting
approved the proposal for Refinancing of the loan for Wah Brass Mills Up
gradation Project.
On exemption of
Taxes and Duties (Gas Infrastructure Development Projects of Large Diameter
Pipelines) relating to Petroleum Division, the matter was referred back for
discussion among the Finance Division, FBR and Petroleum Division to sort out
issues that need to be brought before the ECC in its next meeting.
On Removal of
Anomalies and Mismatch in Withholding Income Tax and Input / Output Sales Tax
on LNG / RLNG Transactions, it was decided that the stakeholders would further
deliberate the issue and come up with the workable solutions including the
proposal for legislation if required.
The meeting
also approved additional agenda item regarding Provision of Guarantee for
Issuance of letter of Credits by Pakistan LNG Limited (PLL) upto US$ 150
million in favour of LNG suppliers.
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