The Economic Coordination Committee (ECC) of Pakistan has approved Textiles and Apparel Policy, 2020-25 with certain amendments.As per a Global Village Space report, the revised Textiles and Apparel Policy 2020-25 was submitted by the Ministry of Commerce after incorporating few changes along-with implementation report.

The ECC approved summary submitted by Ministry of Communication for issuance of sovereign guarantee or SBLC worth of Rs. 6944.0 million against Operational Viability Gap Funding (VGF) for the construction of Sialkot (Sambrial) – Kharian Motorway project on BOT basis. It also approved the summary submitted by the Ministry of Energy, Petroleum Division submitted for 15 years extension of lease contract between Saindak Metals Limited and MCC China for Saindak Copper Gold Project. The ECC allowed the extension of lease contract and recommended to review financial aspect of the project annually by the professional expertises.

The ECC also approved the summary on determination of RLNG sale price for PLL’s supply to K-Electric (KE) by the Ministry of Energy, Petroleum Division’s. It also approved the Technical Supplementary Grants submitted by different ministries and divisions. The ECC deferred Power Division’s two summaries on Settlement of Payables to Government Owned Power Plants and Reinstatement of Tax on dividend for investors/shareholders of IPPs.