Tag: Economic Coordination Committee
-
PM Shehbaz transfers ECC chairmanship to Finance Minister Aurangzeb
Prime Minister (PM) Shehbaz Sharif, in a reversal of his earlier decision, has transferred the chairmanship of the Economic Coordination Committee (ECC) to Finance Minister Muhammad Aurangzeb.
-
Over Rs6.4 billion allocated for Ramzan subsidies: Essential items to be available at reduced rates
The government has earmarked Rs6.484 billion to provide essential food items at subsidised rates through the Utility Stores Corporation (USC) during the holy month of Ramzan.
-
Utility Stores to implement Rs7.492 billion relief package ahead of Ramzan
The federal government is set to implement the Ramzan Relief Package, totaling Rs7.492 billion, through the Utility Stores Corporation (USC) starting March 4, 2024. This initiative aims to provide relief to targeted beneficiaries by offering subsidies on 19 essential items.
-
ECC greenlights 25% sales tax increase on domestic cars
In a significant development, the Economic Coordination Committee (ECC) of the Cabinet has given its nod to a proposal for increasing the sales tax on vehicles manufactured and assembled within the borders of Pakistan.
-
ECC approves Rs7.49 billion Ramzan Relief Package
In a significant move to provide relief to the general public during the upcoming Ramazan, the Economic Coordination Committee (ECC), in its latest meeting chaired by the Federal Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar, approved the Ramzan Relief Package-2024.
-
NEPRA greenlights Rs1.52 per unit hike in power tariff for Karachi residents
The National Electric Power Regulatory Authority (NEPRA) has granted approval for an increase in the electricity tariff by Rs1.52 per unit for consumers of K-Electric.
-
Tariff hike of Rs1.72 per unit approved for K-Electric consumers
The Economic Coordination Committee (ECC) has granted approval for quarterly tariff adjustments of Rs1.72 per unit for K-Electric, alongside government guarantees of Rs100 billion for Pakistan State Oil (PSO) and a Rs20 billion credit facility for Punjab’s Green Cooperative Initiative.
-
IMF-backed gas price hike in Pakistan aims to tackle rising circular debt
The Economic Coordination Committee (ECC) recently made a decision to raise gas prices, a move that financial experts at Topline Securities, a brokerage firm, believe is a crucial step in Pakistan’s efforts to reach an agreement with the International Monetary Fund (IMF). This agreement is set for review in November.
-
Govt approves massive gas tariff hike, raising concerns of growing financial hardship
The government’s recent decision to approve a substantial increase in gas tariffs, set to take effect from November 1, 2023, has significant implications for the public and the country’s economic situation.
-
Winter chills and rising bills: Govt may hike gas tariff by up to 200%
The interim government is in the process of preparing a significant gas tariff increase proposal, set to be presented to the Economic Coordination Committee (ECC) tomorrow.