ECC decides to facilitate sugar mills for timely procurement of sugarcane

ECC decides to facilitate sugar mills for timely procurement of sugarcane
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ISLAMABAD:Economic Coordination Committee of the Cabinet has approved procurement target of 6.1 million tons of wheat for the current fiscal year.

The approval was given at a meeting of the Committee in Islamabad with Prime Minister Shahid Khaqan Abbasi in the chair.

The Committee also decided to facilitate sugar mills for timely procurement of sugarcane and to ensure payments to the farmers at prescribed rates. 

Issuance of Government's Sovereign Guarantee against financing facility of over thirteen billion rupees from local banks for evacuation of power from 1320 MW imported coal power plant at Hub was also approved.

The ECC approved a plan to settle power sector payables to help ensure that government-owned companies including PSO, SSGPL, SNGPL, Gencos, DISCOs and nuclear power plants continue operating normally. 

The meeting also gave approval to signing of agreement between Pakistan and SAARC Arbitration Council for exemption from duties and taxes to the council and its officials.APP/AFP

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