Islamabad June 14 2022: The Economic Coordination Committee approved an Rs 241 billion for energy chain to maintain energy supply chain in the country.
ECC approved Supplementary/Technical Supplementary Grants of Rs. 50 billion for Power Division as advance against future subsidy claims of Power Sector and Rs. 130 billion for ways and means advances availed by provincial governments.
The committee give nod for release of Rs. 25.61 billion for Petroleum Division for the disbursement of Price Differential Claims (PDCs) to OMCs/Refineries for the first fortnight of June, 2022 and additional requirements of previous fortnight.
An amount of Rs. 36 billion approved in favor of Petroleum Division to maintain the sustainability of the LNG supply chain as well as import of petroleum products. The allocated amount shall be released to SNGPL against its pending claims in respect of cost of RLNG diversion to domestic sector for setting off the payable of PSO and PPL against RLNG supply.
The meeting of the Economic Coordination Committee (ECC) of the Cabinet was chaired by Federal Minister for Finance and Revenue Mr. Miftah Ismail at Finance Division, today.
Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Division Mr. Musadik Masood Malik, Federal Secretaries, Chairman FBR, Chairman OGRA and senior officers attended the meeting.