ISLAMABAD: Adviser to the prime minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet here on Wednesday.
ECC approved amendment in import of customs duty free cars under disabled scheme. Under the new amendments, income bracket of the person who will import the vehicle has been increased from Rs. 20,000 to Rs 100,000 and from Rs 100,000 to Rs 200,000 per month. Any individual can import a vehicle subject to not import or purchase locally assembled car during the last 10 years. He should also holds NTN certificate and files annual tax return.
ECC approved incorporation of Pakistan single window company under section 42 of the Companies Act, 2017 with an objective as contained in the memorandum & articles of association. The composition of the board of its directors was also approved.
ECC also gave approval for the provision of technical supplementary grant of Rs. 219.631 million for the reimbursement of the expenditure of National Coordination Committee on Covid-19 for the current financial year. In addition to this, Rs. 6 billion were approved for the Ministry of Railways as additional grant @ 500 million per month to defray its mandatory liabilities including pay and pensions.
Two technical supplementary grants amounting to Rs. 160 million and Rs 96 million were approved for the Ministry of Federal Education and Professional Training to carry out the “Skill for all” program and for “Mainstreaming of religious education and matters related to deeni madaris” respectively.
The publication of rolling spectrum strategy 2020-2023 was also approved by ECC.
A detailed discussion on the issue of wheat import was also held but could not be finalized due to the paucity of time. Chairman ECC decided that the issue being critical in nature would be further deliberated in a special meeting of the ECC to be held within the current week.