It was highlighted that this sector contributes heavily in the exports and is effectively bringing in substantial dollars into the country. The delegation shared with the Finance Minister about the contribution of textile sector in the economic development of the country. Shahid Sattar, Senior officers from FBR, Commerce and Finance division attended the meeting. Aamir Fayyaz, Secretary General APTMA Mr. Abdul Rahim Nasir, Chairman North Zone Punjab Mr. Miftah Ismail held a meeting with representatives from APTMA at Finance division today. Minister for Finance and Revenue held a meeting with representatives from APTMAįederal Minister for Finance and Revenue Mr. On a summary submitted by Ministry of National Food Security & Research on allocation of 300,000 MT of wheat for Utility Stores Corporation (USC), the ECC directed Ministry of National Food Security & Research for resubmission of summary after incorporating complete details of incidental charges and comments of Finance Division.
Considering the objectives of attracting investment in LNG import terminal facilities, the ECC approved the proposal to exclude new LNG terminals and associated facilities from application of TPA and allowed amendment in article 6.2(a) of LNG policy, 2011. Under the circumstances and to diversify the LNG import infrastructure, there is a need to support and encourage foreign/private investment in the new LNG terminals at their own costs and risks to meet the growing demand of RLNG in the country. It was argued that the gap between gas supply and demand in the country is widening resulting in gas load management affecting economic activities. Ministry of Energy (Petroleum Division) submitted a summary on amendments in LNG policy 2011 for exemption from mandatory Third-Party-Access (TPA) to new LNG Terminals.
Further the ECC recommended release of those held up consignments arrived after 30th June up to 31st July, 2022 with payment of surcharge. Owing to serious concerns raised by trading partners on the imposition of ban and considering the fact that the ban has impacted supply chains and domestic retail industry, the ECC decided that ban may be lifted on all the items. It was submitted that a ban was imposed on import of about 33 classes/categories of goods covering more than 860 products/tariff lines on 19th May, 2022.
Ministry of Commerce presented a summary on prohibition/complete quantitative restrictions on import of non-essential and luxury items. Bilal Azhar Kayani, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal, Chairman FBR, Chairman OGRA, Federal Secretaries and senior officers attended the meeting. Aisha Ghous Pasha, Coordinator to the PM on economy Mr. Miftah Ismail presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division today.įederal Minister for Commerce Syed Naveed Qamar, Federal Minister for Industries & production Makhdoom Syed Murtaza Mehmood, Minister of State for Finance and Revenue Dr. Minister for Finance and Revenue chaired a meeting of ECCįederal Minister for Finance and Revenue Mr.
0 kommentar(er)
