The Economic Coordination Committee (ECC) of the Cabinet has approved immediate import of 100,000 tons of urea to facilitate farmers
Islamabad (Pakistan Point News / Online - 03rd April, 2019) The Economic Coordination Committee (ECC) of the Cabinet has approved immediate import of 100,000 tons of urea to facilitate farmers.The Committee, which met in Islamabad on Wednesday with Finance Minister Asad Umar in the chair, also decided to allow additional import of Urea in the event of any demand-supply gap.The ECC directed the Ministry of Industries and Production to review the price mechanism of fertilizer industry for ensuring provision of urea to farmers at cheaper rates.
The Committee directed the relevant institution to check market manipulation activities in the fertilizer sector and use all the powers available under the law to penalize such behavior.The Committee was apprised by the Industries Division about the status of NAB cases against seven persons involved in corruption in Pakistan Steel Mills. Interior Division informed the meeting that the name of seven persons have been recommended for placement on Exit Control List (ECL).
Giving presentation to the Committee, Utility Stores Corporation informed about preparations for the Ramazan Package. ECC directed the Industries Division to ensure that in Ramazan package is implemented effectively and the intended relief is passed on to consumers.ECC also constituted a sub-Committee to review supply and demand situation of essential food items to ensure stable prices in the country.It accorded approval to Fuel Supply Agreement between Pakistan State Oil and State Oil Company of Azerbaijan. The Committee also considered and approved various proposals for Supplementary and Technical Supplement Grants.
