ECC approves Rs500 million for Torkham-Jalalabad road
The ECC expressed its deep concern over the increase in prices of medicines and food items
ISLAMABAD (Dunya News) – Economic Coordination Committee (ECC) on Monday approved supplementary grant of Rs500 million for the construction of additional Carriageway on Torkham-Jalalabad Road under Prime Minister s Program for Reconstruction of Afghanistan.
The meeting presided over by Finance Minister Asad Umar in Islamabad on Monday noted that the decision will not only benefit the people and business community of Pakistan and Afghanistan but would also help promote trade between the two neighboring countries as well as the central Asian States.
The revival committee on Pakistan Steel Mills Corporation gave a comprehensive presentation to the ECC proposing various recommendations to make Pakistan Steel Mills a profitable and competitive organization.
The Committee also directed that Industries and Production Division and Privatization Commission to submit formal recommendations, in the form of summary, to ECC for a final decision.
The ECC expressed its deep concern over the increase in prices of medicines and food items, and directed Ministries of National Food Security & Research and National Health Services, Regulations and Coordination to take practical measures to arrest the current trend of rise in prices.
The Petroleum Division briefed the Committee on the status of recoveries of Gas Infrastructure Development Cess (GIDC) for different industrial sections. The Committee was informed about the litigation in different courts of Law, which had inhibited the collection of revenue during the recent years.
