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Hafeez Sheikh to chair ECC session today

Hafeez Sheikh to chair ECC session today
Islamabad: Prime Minister’s Adviser on Finance Dr Abdul Hafeez Sheikh will chair an important meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad today.

An 16-point agenda expected to be discussed during the ECC session.

A comprehensive restoration plan for Pakistan Steel Mills and a summery for appointment of an advisory consortium for the mill would be tabled in the meeting for consideration.

Supplementary grant for various government departments and ministries including narcotics control, cabinet division, ministries of industry and production, interior and energy and other matters would be on agenda for consideration in the meeting.

The ECC will also discuss procurement of wheat by the government.

The economic body will also discuss tax exemption for under construction projects of the Earthquake Reconstruction and Rehabilitation Authority (ERRA), the projects are being built with a grant of the Saudi Fund for Development.

The ECC session will also consider addition of 150 MW electricity from K-electric to the national grid.

Moreover, a subsidy of three rupees per unit for industries will also be discussed in the economic coordination committee meeting.

Prime Minister Imran Khan on April 16, had reconstituted the Economic Coordination Committee (ECC) and appointed his Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh as its new chairman.

Cabinet Secretariat had issued a series of notifications about the new composition of the ECC. According to the notifications, Dr Abdul Hafeez Shaikh had also appointed head of the Cabinet Committee on Energy (CCoE) and the Cabinet Committee on Privatisation (CCoP).