ECC allows Pakistan to raise Rs200b from Islamic Banks – Gulf Today

ECC allows Pakistan to raise Rs200b from Islamic Banks – Gulf Today

The Economic Coordination Committee of the Cabinet (ECC) in Pakistan allowed the raising of Rs200 billion on the request of Ministry of Energy (Power Division) from the Islamic banks.. The Economic Coordination Committee of the Cabinet approved the proposed mechanism by the Ministry of Finance for the grant of Sovereign guarantees.. A meeting of the Economic Coordination Committee of the Cabinet (ECC) chaired by Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh has allowed import of 0.3 million tonnes of wheat to decrease the local wheat price and meet the domestic requirement.. The Economic Coordination Committee of the Cabinet (ECC) also issued instruction for the immediate release of stocks held by the Pakistan Agricultural Storage and Services Corporation (PASSCO) and the provincial departments..