ECC approves Rs830 mn for Pakistan Machine Tool Factory
The members discussed ways to provide opportunities to the immigrants.
ISLAMABAD (Dunya News) – Federal Minister for Finance Asad Umar has chaired Economic Coordination Committee (ECC) in Islamabad today (Monday).
During the meeting, funds for Pakistan Machine Tool Factory (PMTF) and pensions for retired employees were approved.
The members also discussed summaries related to establishment of special economic zones and Machike-Tarujabba oil pipeline.
They also deliberated on the ways to provide opportunities to the immigrants and also devised strategy for payment of compensation money to them.
Suggestions to secure investments of companies working under National Industrial Park were also presented while the meeting also reviewed steps taken to address the concerns of the investors.
Earlier, ECC had approved to launch Islamic Sukuk bond amounting to Rs200 billion for the payment of circular debt. The bond will be issued through the consortium of Islamic banks.
The committee had also approved to export additional 500,000 tonnes of wheat.
