KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
ECC abolishes 5% duty on import of yarn till June 30, 2021
ISLAMABAD: The Economic Coordination Committee has approved removal of five percent regulatory duty on import of cotton yarn till 30th June next year to enhance value-added exports.
The ECC, which met in Islamabad on Wednesday with Prime Minister's Finance Advisor Dr Abdul Hafeez Shaikh in the chair, also approved the release of funds to Pakistan Steel Mills for payment in lieu of gas supply to Sui Southern Gas Company Limited through a Technical Supplementary Grant.
It allowed allocation of upto 9.5 MMCFD gas from M/s PPL’s Benari X-I discovery to SSGCL.
Similarly, allocation of 10 MMCFD gas from PPL’s Hadaf X-I to SSGCL was also approved during the meeting.
ECC directed the Logistics Committee to ensure berthing of wheat and sugar vessels on priority keeping in view that other imports are not affected.
ECC also accorded approval for allocation of additional funds for maintenance of Islamabad High Court Building and Judges Residences.
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