ECC approves Rs500mn for Torkham-Jalalabad Road

ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved the proposal of Communication Division to provide technical supplementary grant amounting to Rs500 million for the construction of additional carriageway on Torkham-Jalalabad Road under prime minister’s program for reconstruction of Afghanistan.

According to a statement issued from the ministry, a meeting of the ECC was held in Islamabad today under Finance Minister Asad Umar in the chair.

The decision of ECC would not only benefit the people and business community of the two neighbouring countries but would also help promoting trade between Pakistan and Afghanistan as well as central Asian states, reads the statement.

The revival committee on Pakistan Steel Mills Corporation gave a comprehensive presentation to the Committee proposing various recommendations to make Pakistan Steel Mill a profitable and competitive organization.

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The Committee directed that Industries and Production Division and Privatization Commission to submit formal recommendations, in the form of summary, to ECC for a final decision.

The statement further said that ECC expressed its deep concern over the increase in prices of medicines and food items, and directed Ministries of National Food Security and Research and National Health Services, Regulations and Coordination to take practical measures to arrest the current trend of rise in prices.

Petroleum Division briefed the Committee on the status of recoveries of gas infrastructure development cess (GIDC) for different industrial sections.

The Committee was informed about the litigation in different courts of Law, which had inhibited the collection of revenue during the recent years.