Inside Financial Markets

ECC Granted exemption from Tax and Import duties of Machinery

ECC also granted exemption from tax and duties for import of machinery construction materials China Pakistan Economic Corridor.

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee of the Cabinet here at the Prime Minister’s Secretariat.
ECC considered and approved the sale of imported Urea available at the National Fertilizer Marketing Limited (NFML) at Rs.1310 per 50 kg bag.

On the proposal brought by the Ministry of National Health Services, Regulation and coordination, ECC gave approval to the exemption from customs duty and sales tax on import of Salter scales for Lady Health Workers Program. UNICEF has provided $1.3 million available under the Gavi HSS-I fund which will be utilized to purchase approximately 38000 Scales and other equipment to be provided across the country to help children affected by stunting. Stunting can be addressed with growth monitoring and nutritional advice during the first three years of a child.

ECC also granted exemption from tax and duties for import of machinery and equipment/ construction materials to NHA for infrastructure projects under China Pakistan Economic Corridor.

As a step towards cleaner environment and better engine hygiene, ECC allowed the introduction of 92 Research Octane Number (RON) premium motor gasoline (petrol) in Pakistan. Currently the country was using 87 RON premium which is almost abandoned by the world. The new arrangement will be effective from the next cycle of PSO tender in this year. The new cleaner and efficient fuel will have lower emissions. OGRA will monitor the price as was the case in RON 87 PMG.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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