ECC meets today to discuss tax refunds other agenda

ISLAMABAD: Minister of Finance Asad Umar will chair a meeting of the Economic Coordination Committee (ECC) in Islamabad on Tuesday (today) to discuss a five-point agenda, ARY News reported.

The ECC will discuss duties drawbacks and tax refunds upto the tune of Rs. 36 billion in today’s meeting, sources said.

A report to enhance exports will also be presented in the ECC session today for the committee’s review.

According to reports, the ministries of finance and energy are seeking Rs 25bn supplementary grant as subsidy on gas rates.

The Economic Coordination Committee (ECC) of the Cabinet in its meeting on September 17, had approved provision of gas to exporters of five zero-rated sectors in Punjab at a fixed rate of $6.5 per mmbtu with 50:50 shares of local gas and RLNG.

The ECC will also discuss a summary to meet the shortage of fertilizer. The economic body will also consider supply of gas to fertilizer plants to address shortage of fertilizer in agriculture sector. The meeting is expected to fix RLNG rates for the fertilizer plants.

The ECC is expected to approve supply of gas from Zafir Gas Field while supply of 66 mmcdf gas from Mari Gas Field will also be discussed during the meeting today.

A summary to resolve problems faced by the sugar industry will also be came under consideration during the ECC meeting.

The post ECC meets today to discuss tax refunds other agenda appeared first on ARYNEWS.

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