ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) meeting, on a proposal submitted by Federal Board of Revenue (FBR), has approved 15 per cent additional regulatory duty on import of finished iron and steel products till June 30.
The ECC meeting, under the chairmanship of Federal Finance Minister Ishaq Dar, also approved regulatory duty of 10 per cent on aluminium alloy. On another proposal of Federal Board of Revenue, it gave approval for extension in the date for reduced withholding tax at the rate of 0.4% for non-filers under section 236p of the Income Tax Ordinance, 2001 up to March 31.
The Economic Coordination Committee had detailed discussion on proposal concerning RLNG-based IPPs submitted by Ministry of Water and Power. The forum approved extension in bid submission date for 1000 MW R-LNG based IPPs initiative till April 5.
