ISLAMABAD: Adviser to the prime minister on Finance and Revenue, Abdul Hafeez Shaikh, chaired a meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Thursday. The meeting was given an update on the issue of the Roosevelt Hotel. He said the issue be handled in fair and most transparent manner and in the best national interest. He directed the concerned departments to include secretary Aviation Division in negotiations related to Roosevelt Hotel. Abdul Hafeez Shaikh said the transaction of Roosevelt Hotel shall be resolved in a manner that its only in favor of the country and not to benefit any individual or party. ECC approved the technical supplementary grant equivalent to Rs.252.382 million for the discharge of liabilities related to M/s Karkey arbitration. Procurement of 83 X Micron sprayers for anti-locust operation was allowed by ECC to National Disaster Management Authority with the grant of special exemption of taxes and duties of import. On a proposal pertaining to the taxation issues related to the telecom sector ECC decided that proposal may be submitted in the next ECC after thorough deliberation of its impact on already in vogue taxation policies, by FBR, Ministry of Commerce and Ministry of Industries.
