ECC approves Rs. 3,447.60m in favor of USC

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Budget 2022-23

Federal Minister for Finance and Revenue Miftah Ismail presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division Monday.

The ECC approved extension in the Prime Minister’s Relief Package-2020 up to 30th June, 2022 on all five essential items and allowed that Ghee shall be sold on all USC outlets throughout the country Rs. 300/kg from 9th June, 2022 irrespective of the higher market prices. The ECC further approved allocation of funds Rs. 3,447.60 million in favor of USC through Supplementary Grant.

Ministry of Aviation submitted a summary for payment of Sales Tax for leased aircrafts on installments basis. It was informed that Pakistan International Airline Corporation Limited (PIACL) is going to induct four (04) A320 Aircrafts on dry lease basis for the period of 72 months. Due to financial constraints, PIACL is not in a position to pay GST on the total rental value in lump sum.

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