Economic Coordination Committee (ECC) of the Cabinet on Friday considered and approved the import of 180,000 MT of wheat from Russia on GTG basis waiving off all taxes/levies duties on GTG import of wheat. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the ECC of the Cabinet here at the Cabinet Division. The forum was informed that about 5 million tons of wheat was available with the public sector in stocks. In terms of import 430,000 tons has already been imported by the private sector and another 1.1 million ton was expected to be imported by the end of December 2020. In terms of wheat import by the public sector, TCP has already opened an LC for importing 330, 0000 MT of wheat while TCP is in the process of tendering another about 1.2 million tons. Another 180,000 tons are imported through GTG arrangement from Russia. ECC also allowed the exemption from sales tax on supply of sugar imported through Trade Corporation of Pakistan of upto 300,000 MT and allowed the amendment of SRO 751(1)/2020 dated August 20, 2020 of the Revenue Division for the purpose.
متعلقہ مضامین
-
Terrorism charges to remain in Fahad Malik murder case
-
Indian troops martyr two youths in IHK
-
LHC to hear plea of Khalil’s brother on 4th
-
TLP acting chief among dozens taken into custody
-
PHC stays hike in medicine prices
-
Withdrawal of subsidy on Hajj draws opp ire
-
The year’s first Polio case surfaces in Bajaur
-
RCCI lauds ‘Pakistan Banao Certificate’
-
RCCI lauds ‘Pakistan Banao Certificate’
-
NA speaker refuses to nominate Kh Saad as PAC member
-
Cabinet examines names of 172 people on ECL; sends 32 to review committee
-
Govt will provide all-out support to exporters: minister