ECC allows export of 1.5 mn metric tons of sugar

The Economic Coordination Committee (ECC) has allowed the export of 1.5 million metric tons of sugar in view of the availability of surplus sugar.
The meeting was held in Islamabad on Tuesday with Prime Minister Shahid Khaqan Abbasi in the chair.
The ECC permitted procurement of goods and services as per the provisions of the Framework Arrangement and EXIM Bank of Korea Guidelines. In order to discourage fuel adulteration and tax evasion, the ECC allowed addition of Fuel Marker in Superior Kerosene Oil.
The Committee also approved determination and notification of UCH-II Gas price, as agreed under Gas Pricing Agreement by Oil and Gas Regulatory Authority. The ECC accorded its approval for making necessary amendments in the ECC approved Supplemental Agreement to Implementation Agreement for CPEC projects.
The meeting also acceded to a proposal for levying of regulatory duty on import of LPG. The step would help maintaining parity with the locally produced LPG. The ECC also allowed disposal of 500,000 tons of surplus wheat of PASSCO through local sale.