The lack of tradable currency through banking channels led the federal government on Friday to permit the export of another 14 commodities to Afghanistan in rupees via land routes, in what looks to be yet another significant development. Following a sharp drop in shipments to Afghanistan, the decision was made at a meeting of the cabinet's Economic Coordination Committee (ECC), headed over by Finance Minister Shaukat Tarin.
On Thursday, the cabinet's hybrid Economic Coordination Committee (ECC) decided to cancel 2.1 million tonnes of wheat imports and allow the recovery of nearly Rs17 billion from energy consumers for the period when the country was hit hard by Covid-19. The ECC's Shaukat Tarin-led subcommittee made the judgments, which were stamped by the Omar Ayub-led ECC within minutes under a hybrid setup.
19th October 2020: Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Cabinet Division. ECC approved in principle, the procedure for registration under the concessionary regime of electricity, RLNG and gas under the export oriented sectors (erstwhile zero-rated sectors) with instructions to ensure better targeting of the recipients of this subsidy.