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ECC special session to discuss review flour prices at the lowest possible level

12 March, 2020 01:43

ECC special session to discuss review flour prices at the lowest possible level

ECC special session to discuss review flour prices at the lowest possible level in its meeting today.

A special session of Economic Coordination Committee will meet today in Islamabad.

ECC special session

They will discuss a detailed plan to keep the flour prices at the lowest possible level throughout the year.

Earlier, the committee in its meeting on Wednesday discussed proposal to increase wheat support price to Rs1400 per forty kilogram.

Special relief package

Earlier, special relief package to continue provision of subsidized electricity to five export oriented sectors until June 2020 approved.

Economic Coordination Committee (ECC) has approved power division’s proposal in this regard.
The ECC made this approval during a meeting in Islamabad on Wednesday.
Adviser on Finance Hafeez Sheikh chaired the meeting.
The meeting also approved a proposal of the ministry of energy to two amendments.
Amendments aim at providing ease of doing business to upstream petroleum sector.
The amendments are related to extension of exploration licenses beyond two years and creation of a new Zone-1 (F) for onshore licensing regime and consequent revision in the zonal map.
Meanwhile, the Economic Coordination Committee also okayed National Telecommunication Corporation’s revised budget estimates for 2018-19 and 2019-20.
The meeting also discussed proposal to increase wheat support price to fourteen hundred rupees per forty kilogram.
They decided to convene a special session  of the committee tomorrow to discuss a detailed plan to keep the flour prices at the lowest possible level throughout the year in view of any increase in support price.

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