ECC decides to continue subsidy on 5 essential commodities

MG News | July 05, 2022 at 07:35 PM GMT+05:00

0:00

July 5, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has decided to continue the subsidy on five essential commodities.

The decision was taken at the ECC meeting headed by Federal Minister for Finance and Revenue Mr Miftah Ismail at Finance Division today.

Ministry of Industries and Production submitted a summary on the continuation of PM’s relief package, 2020, the Sasta Atta initiative for KPK & expansion of the Utility Stores network across Pakistan.

The ECC decided to continue subsidy on five essential commodities with direction to the Ministry of Industries and Production to work out a feasible proposal on the subsidy programme keeping in mind the financial implications.

Federal Minister for Planning, Development and Special Initiatives Mr Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Mr Khurram Dastgir Khan, Minister of State for Petroleum Division Mr Musadik Masood Malik, Federal Secretaries and senior officers attended the meeting.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,650.00	79,820.00 78,925.00	875.00 1.11%
BRENT CRUDE	107.62	107.80 105.55	-0.55 -0.51%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	1.00 0.89%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	1.80 1.68%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.20	101.58 99.11	-0.74 -0.73%
SUGAR #11 WORLD	14.97	15.01 14.42	0.36 2.46%