Islamabad May 24 2023: The Economic Coordination Committee (ECC) of the Cabinet allowed Sui Northern Gas Pipelines Limited (SNGPL) Based fertilizer plants Agritech Limited and Fatima Fertilzer to operate beyond May 31 to August 31 on indigenous gas with no subsidy.
The ECC met with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in a chair, adding that SNGPL-based fertilizer plants include Fatima Fertilizer (Sheikhupura) and Agritech, said a press release on Wednesday.
Ministry of Industries and Production submitted a summary of Urea Fertilizer requirements for the year 2023 and briefed on the urea fertilizer situation in the country.
The ECC also considered a summary of the Ministry of Energy (Power Division) on payment mechanisms and agreements with M/s Uch Power (Pvt) Limited.
ECC approved the proposals of the Ministry for a Novation Agreement, Master Agreement, and PPA amendment that would result in savings of PKR 33 billion over a period of seven years.
The ECC also approved the following technical supplementary grants/ supplementary grants including Rs 2.5 million in favour of Ministry of Climate Change and Environment Coordination to meet its expenditures.
The ECC approved PKR 263.988 million in favour of the office of Controller General of Accounts (CGA) for the implementation of online billing solutions in Federal and Provincial Accountant Generals whereas PKR 497.261 million in favour of the Ministry of Housing and Works for the execution of development scheme titled “Construction of Railway underpass Gojra, district Toba Tek Singh”.
PKR 420 million in favour of the Ministry of Information and Broadcasting to meet its budgetary shortfall for Information Services abroad while PKR 10,746.216 million in favour of the Federal Directorate of Immunization (FDI) to procure vaccines and syringes for un-interrupted supply to the provinces.
PKR 20 billion in favour of Cabinet Division for Sustainable Development Goals Achievement Programme (SAP), PKR 25 million in favour of the President Secretariat for ERE expenditures, PKR 208 million in favour of the Intelligence Bureau to meet its Employee Related Expenses, and PKR 4000 million in favour of Ministry of Defence to meet its expenditures.
Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Federal Minister for Industries and Production Syed Murtaza Mahmud, Federal Minister for Climate Change Senator Sherry Rehman, Minister of State for Finance and Revenue Dr Aisha Ghous Pasha, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Coordinator to the PM on Economy Bilal Azhar Kayani, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal, Federal Secretaries and other senior officers attended the meeting.
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