CNG stations, industry to face three gas holidays

ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Friday approved the Commerce Ministry summary for the expansion in positive list of items importable from India, as the amendment in the list contained 12 items, which were approved. The Economic Coordination Committee of the Cabinet, which met here with the Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh in chair, has also approved the trade policy, by approving proposed regulatory changes in the Import and Export Policy Order (STPF 2009-12). The Commerce Ministry in its summary has maintained that the Prime Minister was given a detailed briefing on the proposed amendments in the Import Policy Order (IPO) and Export Policy Order (EPO). The summary requested for the approval of the expansion in the positive list of items importable from India. The amendment in the list contained 12 items, which was approved. The ECC has also approved the Natural Gas load Management Programme (Winter 2011-12). According to the plan, CNG stations and industrial sector would face three gas holidays during the upcoming winter season. The meeting has approved the renewal of Government of Pakistan (GOP) guarantee of Rs 2,000 million for Pakistan Steel Mills (PSM). The others items which were approved by ECC are permission to import from India on one time basis, debt relief to Uganda under Heavily Indebted Poor Countries (HIPC) Initiative, waiver of competitive bidding requirement under PPRA rules for Emergency Response and Social Administration Information System (ER&SAIS) Project of NTC under MOU with ZTE Corporation of China. The meeting has also approved the Rising Frequency of Incidents of Terror Strikes against persons Hailing from various walks of life, Iran-Pakistan Gas Pipeline Project allocation of imported gas to SSGC and SNGPL, Resumption of POL supplies ex-Faqirabad, Kotla Jam, Sahiwal and Shershah and also report on ECC decision in respect of Import of Urea. The ECC constituted a committee comprising the Minister for Petroleum and Natural Resources Dr. Asim Hussain, Secretary Cabinet, Secretary Finance, PSPM and Secretary Revenue to fine tune the proposals contained in the summary moved by the Ministry of Petroleum and Natural Resources for the finalization of the draft of the Turkeministan-Afghanistan-Pakistan India pipeline project. The Committee shall submit the report within shortest time before the commencement of the visit of the President of Turkamanistan. The other Committee constituted by the ECC has been accredited to fine tune the details of the proposals of the earlier Standing Committee of the ECC by which Sui Southern Gas Company and SNGPL will supply the gas imported from Iran to only efficient power plant and after entering into back to back gas sales purchase agreement (GSPA with Power Plants). The earlier, two proposals contained in the Summary that the gas volume of 750 MMCFD imported from Iran to be allocated to SNGPL and SSGC with 65pc and 35pc respectively were approved. Another Committee would look into the two of the four proposals moved by the Ministry of the Interior for the import of bulletproof vehicles.

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