ECC approves construction of isolation hospital in Islamabad
The approval of Karachi Transformation Plan was postponed till the next meeting.
ISLAMABAD (Dunya News) – Economic Coordination Committee (ECC) on Wednesday approved construction of Isolation Hospital and Infections Treatment Centre in the federal capital for which Rs21.93 billion have been sanctioned.
The approval was given during its meeting presided over by the Minister for Finance and Revenue Dr Abdul Hafeez Sheikh in Islamabad on Wednesday.
The meeting postponed the approval of the Karachi Transformation Plan till the next meeting.
The ECC approved Mobile Device Manufacturing and Electric Vehicles Policy (02-03 wheelers and HCVs {Heavy Commercial Vehicles}) presented by the Ministry of Industries and Production.
The forum approved removal of withholding tax of 4 percent on manufacturing to retailers of locally manufactured phones and removal of Sales Tax on locally manufactured phones.
The Finance Minister appreciated the detailed plan for rationalization of subsidies and directed to present a comprehensive summary.
Ministry of National Food Security presented a summary for provision of additional quantities of wheat to the Government of Azad Jammu and Kashmir and Utility Stores Corporation.
The Finance Minister directed to provide first load of the additional quantities to both AJ&K and USC on priority as an interim arrangement to ensure smooth supply of wheat across the country.
The ECC also accorded approval for issuance of offshore Pakistan Rupee linked Bonds to the International Finance Corporation.
