ECC approves Rs0.93b in salaries for Pakistan Steel Mills employees
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday authorized the Finance Division to approve the Rs935.78 million in salaries for Pakistan Steel Mills (PSM) employees for the financial year 2024-25. The Economic Coordination Committee (ECC) held in Islamabad, under the chairmanship of Federal Minister for Finance Senator Muhammad Aurangzeb, approved
Three-month electricity relief package for winter announced
ISLAMABAD: The federal government has announced a three-month winter relief package for electricity consumers after the approval of the Economic Coordination Committee (ECC) of the Cabinet. According to the statement released by the Finance Division, Finance Minister Muhammad Aurangzeb chaired the ECC meeting, where several key agenda items were discussed
Government increases subsidy at utility stores
The Economic Coordination Committee (ECC) of the Cabinet approved a higher monthly subsidy disbursement to the Utility Stores Corporation (USC) on Thursday. Furthermore, the ECC set a turnover tax of 1.25 percent on the USC. In a meeting chaired by Finance Minister Muhammad Aurangzeb, the ECC also approved a request
Govt imports urea, incurs cost of Rs6 bn in subsidies
The Economic Coordination Committee (ECC) has decided to import 100,000 metric tons of urea, a move expected to cost billions in subsidies and strain the current fiscal year’s budget as per ProPakistani report. The import will cost approximately Rs10 billion, with an additional Rs. 5.86 billion subsidy needed to align
