The Economic Coordination Committee (ECC) has granted approval for the imposition of a 25% sales tax on locally manufactured vehicles, marking a significant development in the country’s fiscal policies related to the automotive industry. This decision, aimed at enhancing revenue streams and regulating the domestic vehicle market, is poised to have substantial implications for both…
The Ministry of Energy has submitted a proposal to the Economic Coordination Committee (ECC) seeking approval for the clearance of Rs. 262 billion in payables owed to power plants owned by the government. Insiders reveal that, in compliance with the directives of the International Monetary Fund (IMF), the Ministry of Energy has finalized a plan…
Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet, today. The meeting was attended by the Minister for Communication, Railways & Maritime Affairs Mr. Shahid Ashraf Tarar, the Minister for Privatization Mr. Fawad Hasan Fawad, Minister for Power & Petroleum…
