The Economic Coordination Committee meeting in Islamabad was presided over by Senator Muhammad Aurangzeb, the minister of finance.
The execution of the framework agreement between China and Pakistan for the realignment of the Thakot-Raikot section of the Karakoram Highway under the CPEC was approved by the ECC.
The committee additionally granted permission to the Ministry of Communications to move forward with the acquisition of consulting services for the N-45 Chakdara-Timergara Road Project.
The ECC also updated the incentive programs for home remittances.
The incentive program for exchange businesses will see an increase in the base rate for the fixed component, and the Telegraphic Transfer Charges Scheme will now have a split reimbursement rate.
