Economic Coordination Committee has approved the proposal of Ministry of Maritime Affairs to extend the existing tax incentives to the shipping sector from 2020-2030.
Meeting of ECC was held in Islamabad on Wednesday with Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.
The approval was made in order to promote Maritime Sector and strengthen the shipping industry in the country.
The Power Division briefed the Committee about the cash and non-cash settlement for power sector.
The ECC decided that Industrial Support Package and AJK power sector subsidy would be adjusted against the outstanding loan of government of Pakistan from power sector entity.