Islamabad (HRNW) The Economic Coordination Committee (ECC) of the Cabinet has decided to cancel the seventh and eighth wheat import tender due to high prices as wheat soared to 9 year high in the international market.
The meeting presided over by Economic Affairs Minister Omar Ayub deferred the decision about increasing profit margins of oil marketing companies and petroleum dealers amid a strike called by the dealers this week against low margins.
Petroleum dealers have warned that they would begin a nationwide shutdown from Thursday, November 25.
The ECC approved the summary for scrapping tariffs on various items imported from Afghanistan in a goodwill gesture.
It also recommended the allocation of Rs6 billion to initiate the process for improvement and rehabilitation programme of Balkassar-Mianwali (N-130) and Mianwali-Muzaffargarh (N-135) roads.
The meeting also approved the payment of salaries to the employees of Heavy Electric Complex and directed to complete the privatization of Heavy Electric Complex by mid-January next year.
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