Ishaq Dar presides’ meeting of Economic Coordination Committee of the Cabinet

Islamabad, January 29, 2016 (PPI-OT): A meeting of the Economic Coordination Committee of the Cabinet was held here Friday with the Finance Minister, Senator Mohammad Ishaq Dar in the Chair. The ECC after detailed deliberations, approved a proposal of Ministry of Water and Power for initiative of installation of RLNG based power projects in the range of 100-250 MW having cumulative capacity of 1000 MW in the private sector.

On a proposal submitted by the Ministry of Petroleum and Natural Resources, the ECC considered and approved an amendment in the relevant provision of the LNG Policy 2011 to ease out the technical hurdles in LNG supply chain for smooth supply of the product.

On a proposal of the Ministry of Ports and Shipping regarding grant of EPC contracts to Chinese firm(s) under the Framework agreement between Governments of Pakistan and China, the ECC constituted a Committee to examine the applicability of Rule 5 of PPRA Rules 2004.

The ECC also considered and approved the proposal put forth by the Privatization Division for grant of two months salaries to employees of Pakistan Steel Mills (PSM). The ECC also directed PSM to consider pursuing its request to National Tariff Commission for imposition of anti-dumping duties, which it had filed with the Commission sometime ago. The ECC approved the proposal submitted by Ministry of States and Frontier Regions for provision of 124,000 metric tons of wheat costing Rs. 4.977 billion to TDPs in FATA and KP through WFP apparatus.

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