ISLAMABAD – The Economic Coordination Committee (ECC) takes importantdecisions including amendments in 18 laws and 25 legal procedures.
ECC has approved to refund sales tax and technical supplementary grant tothe tune of 30 billion rupees.
The approval was granted in ECC meeting held in Islamabad on Wednesday withFinance Adviser Dr Abdul Hafeez Shaikh in the chair.
The meeting approved amendments in eighteen laws and 25 legal procedureswith the aim to simplify and facilitate investments in oil exploration andproduction. The amendments in the laws were proposed by Energy Task Forceand other stakeholders.
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ECC also approved renaming of zero rated export sector as export orientedsector, which comprises textile, carpet manufacturing, leather industry,sports and surgical goods.
