Prime Minister Shahid Khaqan Abbasi today chaired meeting of Economic Coordination Committee (ECC) at Prime Minister’s Office.
Taking into account the recommendations of the recent CCI meeting, the ECC allowed export of 1.5MMT sugar in view of the availability of surplus sugar.
The ECC permitted procurement of goods and services as per the provisions of the Framework Arrangement and Export-Import Bank of Korea Guidelines. In order to discourage fuel adulteration and tax evasion, the ECC allowed addition of Fuel Marker in Superior Kerosene Oil. The ECC also approved determination and notification of UCH-II Gas Price, as agreed under Gas Pricing Agreement (GPA) by Oil & Gas Regulatory Authority under the OGRA Ordinance, 2002.
The ECC accorded its approval for making necessary amendments in the ECC approved Supplemental Agreement to Implementation Agreement (SAIA) for CPEC projects. The ECC also acceded to a proposal for levying of regulatory duty on import of LPG. The step would help maintaining parity with the locally produced LPG. The ECC also allowed disposal of 500,000 tons of surplus wheat of PASSCO through local sale.