ISLAMABAD (APP) - Economic Coordination Committee (ECC) of the Cabinet here on Tuesday exempted general sales tax (GST) on the ethanol component of ethanol-10 blended fuel in the country. The ECC met under the chairmanship of Federal Minister for Privatisation Syed Naveed Qamar. The ECC also gave approval to the revision of Kandanwari gas price agreement with Eni, the operator of the field. The model petroleum concession agreement submitted by ministry of petroleum and natural resources was also approved by the ECC. Regarding revision of sugar prices, the ECC agreed that the prices of sugar would remain unchanged till the next meeting of the body. The ECC gave approval of additional freight charges for transporting imported urea from Gwadar Port to up country. While discussing the policy guidelines in respect of provision of funds for development projects by federal and provincial governments, the ECC further decided that in order to build consensus on this issue a meeting of chief ministers of all the provinces should be held. The ECC also reviewed the report presented by ministry of industries and production about cancellation of tenders for import of sugar by TCP. Decision on allocation of gas from new sources was deferred till the next meeting of the ECC. While reviewing key economic indicators, the ECC expressed satisfaction that the stock of wheat as on July 8, 2009 stood at 9.82 million tonnes as against 3.784 million tonnes in the same period last year, showing a higher stock of 6.036 million tonnes. It was also noticed that expatriate 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. Similarly, the ECC noted that the FBR tax collection stood at Rs 1,152.4 billion on net basis during July-June 2008-09 as compared to Rs 1,008.1 billion in the same period last year, thereby posting an increase of 14.3 per cent. Improvement of 18.52 per cent was noticed in trade deficit in July-June 2008-09 as compared to the same period last year. It was also noticed that the overall CPI based inflation registered an increase of 0.99 per cent in June 2009 over May 2009. Nonetheless, core inflation decreased 16.6 per cent in May 2009 to 15.9 per cent in June 2009.