Islamabad June 27 2023: The Economic Coordination Committee considered, discussed and approved a summary of Petroleum Division regarding policy guidelines for import of petroluem products on foreign supplier’s account through customs bonded Storage facilities.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.
“We have finalized the peterolum products bonded storage facility policy and it will be effective by the end of this month” says Finance Minister.
The ECC considered and approved technical supplementary grant of Rs. 200 million in favour of Department of the Auditor General of Pakistan (DAGP) to meet employee related expenses. The ECC reconsidered a summary of Ministry of Interior and approved a technical supplementary grant of Rs. 3813.95 million i-e Rs. 2989.37 million for FC KP(North) and Rs. 824.58 million for FC KP(South) for ration bills.
Federal Minister for Commerce Syed Naveed Qamar, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, Coordinator to the PM on Economy Mr. Bilal Azhar Kayani, Federal Secretaries and other senior officers attended the meeting.
