ISLAMABAD: Finance Minister Ishaq Dar, while chairing a meeting of Economic Coordination Committee, has approved the proposal of Revenue Division for dismantling of unserviceable vehicles impounded by Pakistan Customs.
The meeting decided that the body parts of these vehicles would be auctioned. It also agreed to the proposal that all impounded vehicles manufactured before 1990 shall be dismantled. Vehicles with later manufacturing date would be dismantled after conclusion of the committee headed by Additional Collector Customs.
The dismantling of the unserviceable tampered vehicles will be made under supervision of the committee in a transparent manner and chassis number will be made unusable. The ECC also agreed that no NOC (No Objection Certificate) for transfer of scrapped vehicles would be issued to anybody including Excise and Taxation or motor registration authorities.
The ECC meeting also discussed and approved the summary of Ministry of Industries and Production for payment of the salaries for the months of December 2013 and January 2014 to the Pakistan Steel Mills employees. The ECC was informed that the impact on public exchequer for payment of two months salaries would be Rs.960 million.
The meeting considered and approved the summary of Ministry of Petroleum and Natural Resources for reimbursement of crude transportation cost on High Speed Diesel (HSD) to Parco from Inland Freight Equalization Margin (IFEM) with the direction that Ogra would take into account this factor with effect from April 1.It may be mentioned that ECC in its earlier meeting held on October 15, 2010 approved deregulation of fixation of prices of all petroleum products excluding HSD.