The terms on which two new LNG terminals are being installed in Port Qasim are an excellent initiative by The Ministry of Maritime Affairs: Members Standing Committee for Maritime Affairs
Mir Ameer Ali Khan Magsi chaired the 8th meeting of the Standing Committee on Maritime Committee attended by the Federal Minister for Maritime Affairs Ali Zaidi, Secretary Maritime Affairs Rizwan Ahmed, Members of National Assembly and officials of MOMA in Islamabad today.
The members inquired about the details of two new LNG terminals and they were briefed about the USD 10 million being paid for only the land. The companies are bringing USD 500 million FDI and government has not given any off-take guarantee. The initiative was lauded by the members and some remarked it to be excellent compared to the previous agreements.
The members were also briefed about Ministry of Maritime Affairs' Participation in International Maritime Organization whereby for the very first time in the history of Pakistan a federal minister not only addressed the participants from 88 countries but also solicited the case of Pakistan effectively. Pakistan is appointing a permanent Representative in IMO and is planning to contest the elections in 2021.
The committee members were also made acquainted with Indian Ocean Tuna Commission conference held in Pakistan hosted by MOMA and initiatives that will bolster deep sea fishing increasing our presence in the global seafood market.
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