Prime
Minister Shahid Khaqan Abbasi today chaired
meeting of Economic Coordination Committee (ECC) of the Cabinet at Prime
Minister’s Office today.
The meeting approved financing plan for 1.2 Billion Cubic Feet per Day
(BCFD) capacity RLNG-III pipeline project (Karachi to Lahore) to be undertaken
by SSGCL and SNGPL. The ECC directed Petroleum Division to also examine the
possibility of Public-Private Partnership for the project.
Proposal
to allocate 10 MMCFD gas from Adam X-1 and 18 MMCFD from Adam West X-1 to SSGCL
was approved. The price of gas will be determined as per the applicable
Petroleum Policy.
The ECC
also granted approval for issuance of GoP Sovereign Guarantee for Rs. 39,000
million for construction of two 660 MW coal power projects at Jamshoro. The
approval has been granted after third party evaluation of the project and
authentication of the projected demand and supply data submitted by NTDC.
The ECC
also approved a proposal for withdrawal of sales tax and customs duty on
imported cotton effective from 8th January, 2018.
The Prime
Minister and members of ECC appreciated Mr. Shahid Mehmood, Secretary Finance
for his meritorious services to the Government of Pakistan. Mr. Shahid Mehmood
will retire from service on 06 January 2018.
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