ECC proposal rejected by cabinet: ISLAMABAD: The government cabinet declined on Thursday an Economic Control Committee (ECC) proposal to import cotton from India.
The rejection comes a day after the ECC provided a go-ahead to the import of cotton, cotton thread and also sugar from the neighbooring country.
Dealing with a press conference after chairing a conference of the ECC a few days ago, Money Priest Hammad Azhar had said the committee allowed the economic sector to import half a million tonnes of sugar from India.
Next to sugar, he stated the ban on the import of cotton from the adjoining nation is being eliminated until June-end.
” Pakistan made a decision to import sugar from India to connect the shortage of the commodity as well as secure its rates,” Hammad Azhar described. “Sugar to be imported from India will certainly be Rs15 to 20 more affordable.”
“The import of cotton from India will certainly benefit little and medium business (SMEs),” he claimed.