Tag Archives: Economic Coordination Committee

(By Zafar Bhutta) Govt to borrow Rs55b to retire circular debt As the circular debt piles up to Rs400 billion, the government plans to borrow another Rs55 billion from commercial banks to retire dues of the Pakistan State Oil (PSO) and independent power producers (IPPs). Sources told The Express Tribune that during a meeting on Wednesday, Prime Minister Shahid Khaqan …

The wings of Finance Minister Ishaq Dar have been clipped in the wake of a Supreme Court (SC) ruling which implies that decisions of the Economic Coordination Committee (ECC) should not be implemented without ratification from the cabinet. To comply with the court order, the ECC – the economic decision-making body with Dar as chairman – agreed in its meeting …