ISLAMABAD: Economic Coordination Committee (ECC) has decreased the custom duty on LPG equipment from 25% to 10 % where as the products with 5% custom duty on them will remain the same, Geo News reported.
The Minister of Finance and Economic Affairs, Abdul Hafeez Shaikh, chaired the meeting held here.
The Petroleum Ministry put a summary forward in the session for a decrease in custom duty for the promotion of LPG products.
A decision on forming a sub committee was taken for the protection of the motorcycle industry.
The committee also, in principle, decided that the gas from the new block would be provided to the fertilizer factories.