Dar exempts JICA from all levies for the loan by Japanese govt

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ISLAMABAD, Apr 29: Economic Coordination Committee has approved proposals submitted by different ministries. The approval was given at a meeting in Islamabad, with Finance Minister Ishaq Dar in the chair.

The Committee approved the proposal of Economic Affairs Division to exempt Japan International Cooperation Agency from all levies and taxes for the loan extended by Japanese government for Islamabad – Burhan Transmission Line Reinforcement Project.

The ECC also approved the draft standard Power Purchase Agreement, proposed by Ministry of Water and Power, which will be used as standard template for future PPAs.

The Committee gave approval to another proposal of the Ministry for Government of Pakistan’s guarantee to repayment of loan amount of 140 million dollars for Dasu Hydropower Project.

The meeting also approved request of the Ministry of Industries and Production to reduce price of imported Urea fertilizer lying with National Fertilizer Marketing Limited.

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