Pakistan

ECC nods concessionary rates of electricity and RLNG for export oriented sector

ECC nods concessionary rates of electricity

ECC nods concessionary rates of electricity and RLNG for export oriented.

Adviser on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee of federal cabinet in Islamabad on Wednesday.

ECC nods concessionary rates of electricity and RLNG

The meeting approved continuation of concessionary rates of electricity and Re-Gasified Liquefied Natural Gas for export oriented sectors.

The Power Division has worked out that for July-August 2020, the electricity to export oriented sectors may be provided at US cents 7.5/kWh all inclusive and thereafter at US Cents 9/kWh all inclusive for the rest of the financial year 2020-21.

Besides, ECC also decided that Finance Division will continue with the existing guarantee of 31 billion for the power sector through Power Holding Company.

The Committee also gave approval of formation of an Advisory Committee for the release of unsold spectrum for Next Generation Mobile Services.

Meanwhile, Minister for Aviation Ghulam Sarwar Khan called on Prime Minister Imran Khan in Islamabad on Wednesday.

Matters pertaining to the ministry came under discussion in the meeting.

Meanwhile, PM directed for a roadmap to steer Pakistan out of gas related crisis.

Prime Minister Imran Khan said this, while addressing a seminar on Natural Gas Supply in Islamabad on Wednesday.

He pointed out that the indigenous gas reserves are depleting and the country is now importing the gas.

He directed to prepare a roadmap to steer the country out of gas crisis.

GTV

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