ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Cabinet Division.
ECC allowed SNGPL for the recovery of previous revenue shortfall as well as enabling SNGPL to manage the load of the domestic/ commercial sectors by diversion of RLNG in the approaching winter.
ECC constituted a three member committee consisting of Secretary Finance, Secretary Commerce and Secretary National Food Security (as the chairman of the committee) to negotiate the price of wheat with the Russian Government for the further procurement of wheat. Besides, 330,000 MT of wheat when imported by TCP shall be distributed equally among 3 recipient agencies i.e. PASSCO, Punjab and KP (110,000 MT each).
ECC allowed allocation of 8 MMCFD gas from Mangrio discovery and 4 MMCFD of gas from Mithri gas discovery for M/s SSGCL.
ECC also allowed OGRA to issue new CNG Licenses to RLNG based CNG stations with the provision that the Licensee would neither receive indigenous gas or can claim for its conversion to indigenous gas. The ban on the issuance of new licenses was imposed since 2008.
