OUR STAFF REPORTER ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet that met here presided over by the Federal Minister for Finance and Economic Affairs, Dr. Abdul Hafeez Shaikh has decided to allow import of urea for the Kharif 2011 season and waiver of demurrage charges on Afghan Transit charges at Karachi Port. On the another summary moved by Ministry of Industries, it was proposed that as per Cabinet decision requiring maintenance of the strategic reserves it may consider replenishment of the Trading Corporation of Pakistan (TCP) stocks by purchase of 0.4 million tons of sugar from Pakistan Sugar Mills Association (PSMA) in staggered quantities of 50,000 tons per month by the TCP as strategic reserves, the Committee approved it. However, the Chairman of ECC has constituted a committee headed by the Governor State Bank to draft the modalities for the same and report to him in next three days to ensure not to replete the crisis in future. The other summary that was approved was moved by the Ministry of Petroleum and Natural Resources on options for the fertiliser curtailment distribution. ECC has approved this summary whereby SNGPL will be supplying 40 MMCFD gas to fertilizer sector by installing equivalent volume from IPPs. Representatives of fertiliser industry agreed that they will make direct arrangements with IPPs for payment of two third (2/3rd) of the total incremental cost as their share. The Committee discussed at length the waivers of Demurrage Charges on Afghan Transit at Karachi Port. The Prime Minister during his visit to Kabul had desired that the Ministry of Port and Shipping might place a summary in the ECC for consideration of the waiver. As per procedure the consignee has to complete custom formalities and obtain a clearance certificate for removal of goods from the port, and the committee has approved On the summary moved by the Ministry of Petroleum and Natural Resources for the supply of gas to KESC, the ECC asked for detailed presentation on the formula for the price differential adjustment, which will be reimbursed to the KESC by the Ministry of Finance. The ECC deferred the summary on the allocation of gas from Kandhkot and Mari Gas Fields to thermal power station Guddu. Amongst other who attended the meeting were Minister for Water and Power, Adviser to Prime Minister on Petroleum and Natural Resources, Governor State Bank, Dy. Chairman Planning Commission, Secretaries of the concerned Ministries and Chairmen of the various Corporations and higher officials of concerned departments.