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ECC approves increase in sugar subsidy amount

ISLAMABAD: The meeting of the Economic Coordination Committee of the Cabinet on Thursday considered and approved the proposal moved by Ministry of Industries and Production for the import of additional 150,000 tons of Urea Fertilizer for Kharif Season.

The meeting was held in Islamabad with Finance Minister Ishaq Dar in the chair.

Through another proposal, the Ministry of Industries and Production requested increase in subsidy on sugar during the month of Ramazan facilitating Utility Stores Corporation to sell sugar to customers at economical price.

The ECC approved increase in amount of subsidy on sugar from 3 to 5 rupees per KG. This step would add around 100 million rupees to the amount of subsidy already approved by the ECC.

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