The Economic Coordination Committee (ECC) has directed the National Price Monitoring Committee (NPMC) to continue consistent coordination with the provinces to take measures for ensuring stability in prices and to check hoarding and profiteering.
The directives were issued during the ECC meeting held in Islamabad with Finance Minister Dr. Shamshad Akhtar in the chair.
On the occasion, Pakistan Bureau of Statistics (PBS) briefed the meeting on the inflation situation and the latest trends of prices of various essential commodities.
The ECC also considered a summary of Ministry of Overseas Pakistanis and Human Resource Development for approval of Budget of Employee Old Age Institution.
The forum appreciated EOBI for its good performance and directed to strictly follow the budget calendar and prepare a long term plan to clear the two trillion rupees liabilities of pension dues. The forum approved the proposed budget of the organisation.
The summary for approval of TAPI project as Qualified Investment Incentive Package was discussed at length.
The forum observed that it is a much-needed project and should be launched without delay.
A summary of Power Division for approval of the Principles for settlement of capacity deduction issues of imported coal based projects and subsequent execution of side agreement with Port Qasim Electric Power Company was also discussed.
After detailed discussion, ECC approved settlement of the issue with PQEPCL as proposed by the Power Division.
A meeting of Cabinet Committee on State Owned Enterprises was also held today which gave the approval of publication of consolidated report of the State-Owned Enterprises for Fiscal year 2019-2020, 2020-2021 and 2021-2022.
