ECC allows SNGPL for recovery of previous shortfall

Islamabad, Oct. 07 (Online): The Economic Coordination Committee of the Cabinet has allowed Sui Northern Gas Pipelines Limited for the recovery of previous revenue shortfall as well as enabling SNGPL to manage the load of the domestic and commercial sectors by diversion of Re-gasified Liquefied Natural Gas in the approaching winter.

Adviser on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the ECC meeting in Islamabad on Wednesday. The ECC allowed allocation of 8 MMCFD gas from Mangrio discovery and 4 MMCFD of gas from Mithri gas discovery for Sui Southern Gas Company Limited.

The Committee 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.

The ECC constituted a three-member committee to negotiate the price of wheat with the Russian Government for the further procurement of wheat.

Besides, 330,000 metric tons of wheat when imported by Trading Corporation of Pakistan shall be distributed equally among 3 recipient agencies, including PASSCO, Punjab and KP