Economic Coordination Committee, which met in Islamabad was informed that twenty-eight million tons of wheat stock was available against the total national requirement of twenty five point eight four million tons.
The Committee deliberated upon the proposal of the Ministry to impose ban on export of wheat and referred the matter to the Constituted Committee of the ECC to make its recommendations. Power Division briefed the Committee about cash and non-cash settlement for power sector.
The ECC resolved the issue of Industrial Support Package by adjusting it against the loans receivable from Power Sector entities. Regarding K-electric, the Committee directed that the ISP claim of K-electric, amounting to approximately thirty billion rupees, may be looked into and solid recommendations be made.
The ECC also resolved the long standing issue with regard to payment of subsidized power supply to AJK by way of cash and non-cash settlement with no financial impact on AJK. In order to revive and strengthen the shipping sector of Pakistan, the ECC approved provision of tax relief on import of ships. The Committee also approved Technical Supplementary and Supplementary Grants for different Ministries and Divisions.