ECC puts off decision on higher LNG import marginsHeaded by the prime minister, the ECC extended the PM’s Export Package for three more years that would cost the national exchequer Rs40 billion annually. Power subsidyA committee, constituted by the ECC, submitted its report on an electricity subsidy of Rs3 per unit for industries. Export packageThe ECC extended the PM’s Export Package, which was going to expire next month, for another three years. Amendments to export, import ordersThe ECC approved about one-and-a-half-dozen amendments to export and import orders. The ECC allowed import of vintage cars, which are over 50 years old.

Source: The Express Tribune May 31, 2018 03:33 UTC