AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has allowed Power Division for signing of the Power Purchase Agreement (PPA) and Reimbursement Agreement (RA) with SNGPL for supply of gas to 1263.2 MW RLNG-based power generation project in Punjab. The ECC meeting presided over by Finance Minister Asad Umar considered the proposal of Power Division regarding approval of SNGPL as gas supplier for 1263.2 MW RLNG-based Public Sector Power Generation Project near Trimmu Barrage, District Jhang, by Punjab Thermal Power (Pvt) Limited and in modification of its earlier decision of May 11, 2018, allowed signing of the PPA and RA with SNGPL instead of Pakistan LNG Limited (PLL).
The meeting further directed that in case of provision of RLNG to the power plant at Trimmu, if other plants were to be made operational/run on furnace oil (FO), the differential in the cost of FO and RLNG will be borne by the government of Punjab.
The ECC also approved supplementary grant of Rs 46.400 million for payment to families of deceased employees of Petroleum Division (Policy Wing) under the Prime Minister''s Assistance Package.
The legal heirs of the officers/officials of Petroleum Division (Policy Wing) who died, while in service, between 15.6.13 to 09-02-15, requested that they may be granted all the benefits as per the Prime Minister''s Assistance Package issued on 20th October 2014. So the decision has accordingly been taken.
The ECC in consideration of request by Finance Division allowed submission of proposal to the federal cabinet for approval of Rs 200.075 million supplementary grant to government of Balochistan under the "Pur Aman Balochistan Policy." Launched in August 2015, the Policy stipulated provision of funds on equal basis by the federal and provincial governments for encouraging misled individuals (Ferraris) to give up militancy and play active role for development and prosperity of Balochistan.
The ECC approved supplementary grant amounting to Rs 20.00 million to Ministry of National Food Security & Research for operationalisation of its Plant Breeders'' Rights Registry. The ECC also directed that the process for creation of 71 posts in the Registry may be expedited.
The ECC approved proposal of Commerce Division based on request by Philip Morris Pakistan Ltd for export and analysis of tobacco seed at M/S Eurofins Dr Specht Lab, Germany. The analysis report would help in production of good quality tobacco in future for domestic use and export purposes.
The ECC approved a supplementary grant of Rs 11.441 million for Ministry of Privatisation to meet expenses pertaining to relocation of its offices to the new premises, Kohsar Block.

Copyright Business Recorder, 2019

Comments

Comments are closed.