ECC Extends Period for Export of Sugar by Sindh

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet accorded approval to a summary of the ministry of commerce regarding the extension of the period for the export of the sugar by mills in Sindh.

The ECC also allowed the sugar mills to export the remaining sugar quota of 32,000 metric tommes within 60 days with effect from 12th June onwards as per the Sindh High Court decision.

The decision was made at the ECC meeting chaired by Finance Minister Ishaq Dar on Friday. The ECC made several other decisions including approval of Technical Supplementary Grants (TSG ) in various sectors.

Commerce Minister Syed Naveed Qamar, Minister of State for Petroleum Musadik Masood Malik, Special advisers to PM and federal secretaries also attended the meeting.

The ECC also considered a Summary of the Ministry of Railways for the Provision of additional funds in Grant in Aid to Pakistan Railways to resolve the pending liabilities including salaries and pensions of the staff. It was decided that an additional grant-in-aid of Rs. 2.5 billion should be released to address the shortfall to ensure the continuation of operations without interruption.

Other Approved Technical Supplementary Grants:

1. Rs250 billion as TSG in favor of the Finance Division for Ways and Means Advances Availed by Provinces for expenditures incurred over the allocated budget and the likely future requirements of the provinces during the current fiscal year.
2. Rs3.628 billion as TSG in favor of the Ministry of Housing and Works for development schemes in all the provinces.

iii.           Rs172.001 million as Technical Supplementary Grants in favor of the Ministry of Housing and Works for ERE liabilities.

1. Rs1200 million as TSG in favor of the Ministry of Housing and Works for the execution of 16 other development schemes.
2. Rs1238 million as Technical Supplementary Grants in favour of the Ministry of Energy (Petroleum Division) for the fulfillment of GoP’s commitment to fund Balochistan Mineral Resources Limited’s obligatory contribution to the Reko-Diq Project for FY 2022-23.