*ISLAMABAD – Finance Minister Asad Umar presided over a meeting of theEconomic Coordination Committee (ECC) on Monday.*
Experts presented to the committee a plan for the revival of Pakistan SteelMills. It was also proposed to give Pakistan Steel Mills to a foreigncompany on a joint venture.
It was also told in the meeting that several Russian and Chinese companiesare interested in Pakistan Steel Mills.
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The final decision on the rehabilitation plan of Pakistan Steel Mills willbe made in the next meeting of the EEC.
The ECC directed the Privatization and Industries Production to present asummary of the public-partnership plan during the next meeting.
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The committee also approved the release of Rs 500 million forTorkham-Jalabad Highway.
The committee expressed its deep concerns over the increase in prices ofmedicines and food items. It directed the Ministries of Food Security andNational Health Services to take practical steps to arrest the currenttrend of rise in prices.
The Petroleum Division briefed the ECC on the status of recoveries of GasInfrastructure Development Cess for different industrial sections. Thecommittee was informed about the litigation in different courts of lawwhich had inhibited the collection of revenue during the recent years.
