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ECC approves export of 150,000 MT of sugar, conditions apply

SBP issues conditions for exporting 150
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June 13, 2024 (MLN): The Economic Coordination Committee (ECC) has granted conditional approval to the Ministry of Industries & Production for the export of 0.15 million (150,000) metric tons of surplus sugar.

The condition set by the committee is that if there is an increase in the retail price of sugar, the export permission will be revoked.

It was also directed that it may be ensured that export proceeds be utilized by the mills for clearing the overdue payments to farmers.

Additionally, the ECC granted its approval for significant technical supplementary grants, along with proposals from other ministries.

The proposal of the Ministry of Federal Education & Professional Training to exempt HEC from the Relending Policy of Foreign Loans/Credits to autonomous bodies was another crucial agenda approved by the committee.

The Technical Supplementary Grants (TSGs) approved to various Ministries/Divisions are as follows:

1.Rs126.848 million to the Cabinet Division for clearing the requirements of outstanding custom duties / taxes.

2.Rs29m to the President Secretariat to meet the expenditures under “Employee Related Expenses”.

3.Rs5.4 billion to the Ministry of National Health Services, Regulations & Coordination in favour of Federal Directorate of Immunization (FDI) for the immunization activity.

4.4.92bn to the Ministry of Kashmir Affairs & Gilgit-Baltistan on account of salary & allowances, family assistance packages and social initiatives in education and health sector in Gilgit-Baltistan.

5.Rs6.596 million to the Ministry of National Food Security & Research for payment of pending liabilities to PASSCO.

6.Rs370m to the Ministry of Housing and Works to pay the pending liabilities.

7.Rs. 332 million to the Ministry of Economic Affairs for developing Somali National Identification System by NADRA.

8.Rs14.25bn to the Finance Division as Rupee cover to facilitate the successful implementation of the Women Inclusive Finance Project.

9.Rs96.9m to the Finance Division for the implementation of Audit Management Information System (AMIS).

10.Rs5bn to Defence Division as seed money for Green Tourism Pakistan Project.

11.Rs23.945bn to the Defence Division against pay shortfalls for current fiscal year.

12.Rs10bn to the Ministry of Interior for the clearing of pending liabilities of ration for Headquarters Fontier Corps and Headquarters Gilgit-Baltistan Scouts.

13.Rs0.6bn to the Ministry of Interior for raising of 3 additional Corps Headquarters.

14.Rs5.986bn to the Ministry of Interior to meet additional fund requirements.

15.Rs9.576m to the Ministry of Interior for National Academy for Prison Administration.

16.Rs87m to the Ministry of Interior in respect of Headquarters Frontier Corps KP.

17.Rs4.637bn to the Ministry of Interior in respect of Civil Armed Forces for meeting the operational requirement and pending liabilities of ration.

18.Rs168.834bn to the Economic Affairs Division on account of revised budget estimates for FY 2023-24.

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Posted on: 2024-06-13T22:23:09+05:00