Inside Financial Markets

ECC to discuss key projects

eccECC to discuss key projects

Finance Minister Ishaq Dar has convened a meeting of Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday (today) to consider a proposal of Petroleum Ministry on sale of gas to Engro Fertilizer Limited (EFL). However, the issue of Pakistan Steel Mills (PSM) whose employees are not being paid their salaries, is not part of the agenda to be considered by the ECC.

The sources said ECC will approve inclusion of PET-COKE (non-calcined) HS-2713.1100 in the list of items importable from India through Wagah/ Attari land route. Commerce Ministry has submitted a summary to the ECC on this issue. According to sources, the construction of NHA roads providing connectivity to Afghanistan is through a USAID grant funding of $90 million; the award of works to Frontier Works Organisation (FWO) on a single source basis for balance works of Kalat-Quetta-Chaman Highway will come under consideration.

ECC will also accord approval to equity investment in Congo-Incorporation of joint venture company-establishment of cement manufacturing plant. M/s Lucky Cement Limited has submitted the proposal. The sale of wheat to a World Food Programme (WFP) to support humanitarian food and operation in Balochistan is also on the agenda. OGRA’s report to ECC on petroleum product prices will also be considered. Deferment of land lord port strategy, corporatisation of dredging and outsourcing of “Pilotage/haulage, mooring/ unmooring operations” at Karachi Port is also on the agenda. ECC will consider TNB Liberty Power Limited (235 MW) gas pricing issues and approve standardised security packages agreement for wind power projects based on an upfront tariff regime.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute


CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)