Abdul Hafeez Shaikh – Adviser to the Prime Minister on Finance and Revenue on chaired a meeting of Economic Coordination Committee (ECC) and approved the amendment in automobile import guidelines under disabled persons’ scheme, on Wednesday.
According to the press-release issued by ECC, under the new amendments the income bracket of the person who is importing the vehicle is increased from the current limit of Rs. 20,000 to 100,000 to 100,000 to 200,000 per month.
A car can be imported if the importer has not imported or purchased locally assembled car during the last 10 years under the scheme provided that he holds NTN Certificate and files annual tax return.
Furthermore, the committee also approved the Incorporation of Pakistan Single Window Company under section 42 of the Companies Act, 2017 and the provision of technical supplementary grant of Rs 219.631 million for the reimbursement of the expenditure of National Coordination Committee on Covid-19 for the current financial year.
Meanwhile an Rs 6 billion grant was also approved for the Ministry of Railways as additional grant of Rs 500 million per month to defray its mandatory liabilities including pay and pensions.
In addition to it, two supplementary grants amounting to Rs 160 million and Rs 96 million were approved for the Ministry of Federal Education and Professional Training.