ISLAMABAD – Economic Coordination Committee of the Cabinet has approvedsupplementary grant of 500 million rupees for the construction ofadditional Carriageway on Torkham-Jalalabad Road under Prime Minister’sProgramme for Reconstruction of Afghanistan.
The meeting chaired by Finance Minister Asad Umer in Islamabad today notedthat the decision will not only benefit the people and business communityof Pakistan and Afghanistan but would also help promote trade between thetwo neighboring countries as well as the central Asian States.
The revival committee on Pakistan Steel Mills Corporation gave acomprehensive presentation to the ECC proposing various recommendations tomake Pakisetan Steel Mills a profitable and competitive organization. TheCommittee directed that Industries and Production Division andPrivatisation Commission to submit formal recommendations in the form of asummary for a final decision.
ECC also expressed its deep concerns over the increase in prices ofmedicines and food items and directed the Ministries of Food Security andNational Health Services to take practical measures to arrest the currenttrend of rise in prices.
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The Petroleum Division briefed the ECC on the status of recoveries of GasInfrastructure Development Cess for different industrial sections.
The committee was informed about the litigation in different courts of lawwhich had inhibited the collection of revenue during the recent years.
