The Economic Co-ordination Committee allowed the import of another 800,000 tonnes of sugar. The Chinese Trading Corporation will import 500,000 tonnes and the private sector 300,000 tonnes.
A meeting of the ECC was held under the chairmanship of Finance Minister Abdul Hafeez Sheikh. With the abolition of sales tax on imported sugar, holding tax on sugar has also been reduced by 5.25%.
The meeting also approved a supplementary grant of Rs. 16.62 billion for the Ministry of Planning. The Economic Co-ordination Committee approved a supplementary grant of Rs. 16.62 billion for the Ministry of Planning, a supplementary grant of Rs. Approved funds for the establishment of three new courts, while a committee was formed to fund the Roose Welt Hotel.
The ECC has postponed the expansion of the Textile Policy 2020 to 2025, the National Freight and Logistics Policy and the Road to Mecca project.
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