ECC approves Rs 500 million for Torkham-Jalalabad road

News Image

By MG News | April 08, 2019 at 02:31 PM GMT+05:00

0:00

April 8, 2019: A meeting of the Economic Coordination Committee of the Cabinet (ECC) was held today under Finance Minister, Asad Umar, in the chair. The ECC approved the proposal of Communication Division to provide Technical Supplementary Grant amounting to Rs.500 million for the construction of Additional Carriageway on Torkham-Jalalabad Road under Prime Minister’s Program for Reconstruction of Afghanistan.

The decision of ECC would not only benefit the people and business community of the two neighboring countries but would also help promoting trade between Pakistan and Afghanistan as well as Central Asian States.

The Revival Committee on Pakistan Steel Mills Corporation gave a comprehensive presentation to the Committee proposing various recommendations to make Pakistan Steel Mill a profitable and competitive organization. The Committee directed that Industries and Production Division and Privatization Commission to submit formal recommendations, in the form of summary, to ECC for a final decision.

The ECC expressed its deep concern over the increase in prices of medicines and food items, and directed Ministries of National Food Security & Research and National Health Services, Regulations and Coordination to take practical measures to arrest the current trend of rise in prices. Petroleum Division briefed the Committee on the status of recoveries of Gas Infrastructure Development Cess (GIDC) for different industrial sections.

The Committee was informed about the litigation in different courts of Law, which had inhibited the collection of revenue during the recent years.

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg