Ministry of Maritime Affairs presented a summary regarding revision in tariff enabling Fauji Oil Terminal & Distribution Company (FOTCO) to meet operating and maintenance expenses which were approved in the year 2000, for the period of the 20 years, but not revised. After due deliberation, the Committee approved the revision in tariff for FOTCO, locked for 5 years, to be paid in equivalent Pak rupees.
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Khusro Directed Petroleum Division To Ensure Gas Supply To AGL And FATIMA Fertilizer
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Finance Division today. Federal Minister for National Food Security & Research Syed Fakhar Imam, Federal Minister for Interior Sheikh Rasheed Ahmed, Federal Minister for Privatization Muhammad Mian Soomro, Federal Minister for Maritime Affairs Syed Ali Zaidi, Federal Minister for Railways Azam Khan Swati, MOS on Information Farrukh Habib, SAPM on Power and Petroleum Tabish Gauhar, Governor State Bank Dr. Reza Baqir, Federal Secretaries, Chairman FBR and other senior officers participated in the meeting.
The ECC constituted a sub-Committee comprising representatives of M/o Petroleum, OGRA, PSO, M/s A.F Ferguson, M/o Maritime Affairs and Finance Division to be headed by Deputy Chairman Planning to decide about tariff differential accumulated between 2012 to 2020.