ECC gives go-ahead to fi­nanc­ing for Wah Brass Mills Upgra­da­tion Project

Daily Messenger - - Biz -

ISLAMABAD: Eco­nomic Co­or­di­na­tion Com­mit­tee of the Cab­i­net has ap­proved the pro­posal for re­fi­nanc­ing of the loan for Wah Brass Mills Upgra­da­tion Project.

The Com­mit­tee which met in Islamabad with Prime Min­is­ter Shahid Khaqan Ab­basi in the chair also dis­cussed the ex­emp­tion of taxes and du­ties on Gas In­fras­truc­ture Devel­op­ment Projects of Large Di­am­e­ter Pipe­lines and re­ferred back mat­ter for dis­cus­sion among the Fi­nance Di­vi­sion, Fed­eral Bu­reau of Rev­enue and Pe­tro­leum Di­vi­sion.

Re­gard­ing the re­moval of anom­alies and mis­match in with­hold­ing in­come tax and sales tax on LNG trans­ac­tions, it was de­cided that the stake­hold­ers would fur­ther de­lib­er­ate the is­sue and come up with the work­able so­lu­tions.

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