Islamabad, December 10, 2021 (PPI-OT):Mr. Omar Ayub Khan, Federal Minister for Economic Affairs chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad, today. The ECC Meeting was attended by Adviser to the PM on Finance and Revenue Mr. Shaukat Tarin, Minister for Industries and Production Makhdum Khusro Bakhtyar, Minister for Energy Mr. Hammad Azhar, Minister for Railways Mr. Muhammad Azam Khan Swati, Minister for Interior Sheikh Rashid Ahmed, respective federal secretaries and other senior government officers.

The ECC after due deliberation approved the summary presented by the Ministry of Energy (Petroleum Division) for allocation of gas under commercial production from M/S United Energy Pakistan’s fields to SSGCL. M/S United Energy Pakistan will provide gas from Mitha and Bitro fields to SSGCL.

The price of gas will be as per the applicable Petroleum Policy to be decided by the concerned regulators. The ECC also deliberated in detailed on the summary presented by Ministry of Energy (Power Division) on mechanism for granting concessionary tariff to the eligible consumers of zero-rated industrial consumers of Lasbela Industrial Estate (LIEDA) and Sundar Industrial Estate (SIE) and for prospective industrial estates.

The Committee directed for installation of double meters at consumers of zero-rated industrial consumers of LIEDA and SIE for verification of reading by K.E. and LESCO and directed that subsidy claims may be processed on the basis of difference of readings. After detailed discussion, the ECC deferred the summary tabled by Ministry of Industry and Production on Auto Industry Development and Export Policy (AIDEP) 2021-26, and directed to present it in the next meeting after review of the same.

The ECC also discussed the summary on Small and Medium Enterprises (SMEs) Policy 2021-25 presented by Ministry of Industries and Production and directed to review the policy and discuss the observations raised by the relevant stakeholders under the chairmanship of Adviser to the PM on Finance and Revenue Mr. Shaukat Tarin.

The proposal would be presented to the Cabinet after developing a consensus of stakeholders. The ECC also approved the Summaries of Technical Supplementary Grants tabled by Ministry of Defence and Ministry of Interior. Earlier, Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin, presided over the meeting of Technical Advisory Committee. The meeting was TAC was attended by Minister for Industries and Production Makhdum Khusro Bakhtyar, Minister for Energy Mr. Hammad Azhar, Federal Secretaries and other senior officers. The TAC reviewed the summaries in details and presented its recommendations to the ECC for its consideration.

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