Finance Minister Ishaq Dar presided over the meeting.
Briefing the participants about the new policy, Special Assistant to Prime Minister on Aviation that smaller aircrafts would provide air travel service between smaller cities. Cargo facilities will be enhanced and cargo villages established in northern and southern parts of the country. With the new Aviation Policy the current capacity of handling 130,000 metric tons of cargo will be doubled.
The Finance Minister said the Government will be announcing incentives for the aviation sector in the next budget as envisaged in the policy.
The ECC while lifting ban on the import of wheat products, approved that a uniform 25% regulatory duty on the import of wheat and wheat products would be charged henceforth.
As per Finance Minister, the decision was taken to support the local farmers, who had been adversely affected by the decreasing international wheat prices.