ISLAMABAD – The Economic Coordination Committee (ECC) of the CabinetWednesday allowed amendment in the import of Customs Duty Free Cars underdisabled persons ‘scheme and increased the limit of importing cars underthe scheme.
The ECC meeting was chaired by Adviser to the Prime Minister on Finance andRevenue Dr. Abdul Hafeez Shaikh, according to press statement issued by theFinance Ministry.
Under the new amendments the income bracket of the person who is importingthe vehicle is increased from the current limit of Rs. 20,000 to 100,000 to100,000 to 200,000 per month.
The person would be allowed to import the vehicle if he/she has notimported or purchased locally assembled car during the last 10 years underthe scheme provided that he/she holds NTN Certificate and files annual taxreturn.
The committee also approved the Incorporation of Pakistan Single WindowCompany under section 42 of the Companies Act, 2017 with its objectives ascontained in the Memorandum & Articles of Association. The composition ofthe Board of its Directors was also approved.
ECC also gave approval for the provision of technical supplementary grantof Rs. 219.631 million for the reimbursement of the expenditure of NationalCoordination Committee on Covid-19 for the current financial year. Rs. 6billion were approved for the Ministry of Railways as additional grant @500 million per month to defray its mandatory liabilities including pay andpensions.
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Two technical supplementary grants amounting to Rs. 160 million and Rs 96million were approved for the Ministry of Federal Education andProfessional Training to carry out the “Skill for all” program and for“Mainstreaming of Religious Education and matters related to deeni Madaris”respectively.
The Publication of Rolling Spectrum Strategy 2020-2023 was also approved byECC.
A detailed discussion on the issue of wheat import was also held but couldnot be finalized due to the paucity of time. Chairman ECC decided that theissue being critical in nature would be further deliberated in a specialmeeting of the ECC to be held within the current week, the statement added.
