Islamabad: The meeting of the Economic Coordination Committee of the Cabinet (ECC) was held here Thursday ۔ Finance Minister Asad Umar chaired the meeting.
ECC in consideration of the proposal from Ministry of Industries and Production approved a grant of Rs. 1,066.078 million for payment of outstanding dues (provident fund, gratuity and payroll dues) to families of deceased employees of Pakistan Steel Mills.
ECC discussed the proposal submitted by Ministry of Commerce & Textile to allow import of cotton from Afghanistan/Central Asian states via the land route through the Torkham Border. The Committee accorded approval for the import with the condition that all sanitary and phytosanitary regulations shall be abided. ECC also directed the relevant ministries to engage with the industry for establishment of a permanent quarantine facility for cotton imported through land route.
Secretary Ministry of National Food Security shared with the meeting a report on value chain of sugar. The ECC took note of the issue of pending payments to sugarcane growers as well as difficulties faced by the millers in view of surplus stocks, possibility of their export and redressal of liquidity issues. The Committee directed Minister of National Food Security and Adviser Industries to hold meeting with the Pakistan Sugar Mills Association (PSMA), and resolve these issues.
ECC accorded approval for sale of 200,000 tons of wheat from the surplus stocks available with PASSCO to Poultry Association of Pakistan (PPA).
ECC also had deliberations on the proposed plan of Ministry of Energy for gas load management during winter season and decided to have further discussions in the matter at the next meeting to finalize the plan