ISLAMABAD - Economic Coordination Committee (ECC) of the cabinet Tuesday allowed the Utility Stores Corporation (USC) to sell 75,000 tonnes of sugar per month from its outlets for the next two months to ensure sufficient availability of the commodity during the holy month of Ramazan. The ECC met under the chairmanship of Federal Minister for Finance Shaukat Tarin at the PM Secretariat. In this regard, Trading Corporation of Pakistan (TCP) was allowed to offload 40,000 tonnes of sugar for the next two months in the open market. While discussing the recommendations of the ECC committee for reduction in prices of food items, the ECC directed that administrative measures should be adopted to control the prices of food items, particularly during the month of Ramazan. In this regard, the ECC decided to form consumer protection committees in which public representatives should be actively involved. The ECC directed USC to maintain the price of Rs 38 per kilogram of sugar. In order to facilitate consumers, the meeting also directed the USC to maintain this rate during Ramazan at every weekly bazaar in 5 kilograms packing. The ECC also allowed the TCP to import the balanced quantity of 75,000 metric tonnes from the approved import of 200,000 tonnes of white sugar. The ECC also allowed the export of 53 dumper trucks stuck in Risalpur Export Processing Zone for export to tariff area on payment of usual duties and taxes as a special case. While discussing the issue of revision of re-lending policy of foreign loans/credits, the ECC agreed with the proposal of provincial governments that the committee constituted to carry out a complete overall review of the re-lending policy be granted 30 days extension to recommend tangible solution acceptable to the provincial as well as federal governments. While reviewing implementation status of various decisions taken by the ECC after induction of present government, the ECC took serious notice of non-implementation of some decisions and directed all concerned ministries and departments to submit their implementation reports. The ECC while reviewing key national economic indicators expressed satisfaction that stock of wheat as on August 2, 2009 amounted to 9.749 million tonnes as against 3.697 million tonnes in the same period last year. Similarly, the wheat procurement target has crossed the proposed figure of 7.05 million tonnes and 9.231 million tonnes of the commodity was procured. The ECC was also informed that trade deficit had improved by 30.3 per cent to $ 1.14 billion in July 2009-10 from $ 1.64 billion in the same period last year. The overseas workers remittances amounted to $ 7,811.4 million in July-June 2008-09 as against $ 6,451.2 million, showing an increase of 21.1 per cent over the same period last year. The foreign exchange reserves stood at $ 11.8 billion on August 7, 2009 and they were $ 6.4 billion on November 25, 2008. During the July 2009-10, the average CPI-based inflation stood at 11.17 per cent as against 24.33 per cent in the same period last year.