INSUBCONTINENT EXCLUSIVE:
ECC discusses Pakistan Steel Mills revival planIslamabad: Finance Minister Asad Umar chaired assembly of
Economic Coordination Committee of Cabinet (ECC) here on Tuesday.The ECC had a detailed discussion on proposal of Textile Division regarding
withdrawal of custom duty, additional custom duty and sales tax on import of cotton
The proposal was aimed at facilitating import of cotton to bridge demand and supply gap in country, thereby helping out textile industry,
specificly export segment
The Committee famous that detailed trade and revenue related data was required, which was much made part of proposal
The relevant ministries were directed to fill data gaps so that an informed decision could be taken in matter
The Ministry of Industries Production shared with assembly progress on plan of action currently being formulated by a specially constituted
experts group, proposeing viable options to revitalize Pakistan Steel Mills (PSM)
The committee directed that plan of action should be prepared in a cohesive manner, taking on board PSM Board of Directors/Management and
submitted for final approval as per given timelines.
