ECC approves Rs6bn bailout package for PSM

ISLAMABAD: The Economic Coordination Committee of the Federal Cabinet on Thursday approved Rs6 billion bailout package for Pakistan Steel Mills, Geo News reported.The meeting of ECC was held here...

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AFP
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ECC approves Rs6bn bailout package for PSM
ISLAMABAD: The Economic Coordination Committee (ECC) of the Federal Cabinet on Thursday approved Rs6 billion bailout package for Pakistan Steel Mills, Geo News reported.

The meeting of ECC was held here with Finance Minister Abdul Hafeez Shaikh in chair.

Sources told Geo News that the ECC also directed TCP to purchase 200,000 tonnes of sugar from sugar mills.

The meeting while putting off new policy on low pressure gas, suspended the proposal to ban new imported CNG kits.