ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has decided to extend the export period of wheat and wheat products till 31st August this year.
The committee made the decision at its meeting in Islamabad on Saturday with Finance Minister Ishaq Dar in the chair.
Only those wheat exporters, who have already shifted wheat from go-downs of food departments prior to 15th March this year will be allowed to benefit from this extension.
The ECC also accorded approval to another proposal of Ministry of National Food Security and Research regarding outstanding claims of PASSCO on account of wheat supplied to Afghanistan.
The ECC considered a proposal submitted by the Ministry of Commerce regarding the Prime Minister’s Package of Incentives for Exporters and extended the date of submission of claims till 30th September this year for shipments and exports made up to 30th of this month.
While considering a proposal of the Federal Board of Revenue, the ECC recommended to Federal Government to extend the period of applicability of reduced rate of 0.4 percent on banking transactions of non-filers till 30th September 2017.