Power Division has fulfilled two benchmarks i.e. to notify the FY 2020 electricity tariff schedule as determined by regulator and prepare a comprehensive circular debt reduction plan in collaboration with the international partners. Power Division will also give a detailed presentation on power projects including renewable energy projects.
The ECC will approve technical supplementary grant of Rs 1 billion for Pakistan Tourism Development Endowment Fund during 2019-20. Extension of Government of Pakistan (GoP) guarantee against credit facility of National Bank of Pakistan amounting to Rs 5 billion in favour of Utility Stores Corporation (USC), release of funds for payment of outstanding gas bills to Sui Southern Gas Company (SSGC) and allocation of gas from PGNiG's Rizq Gas Field to SSGCL are also on the agenda of the ECC to be chaired by Finance Advisor Abdul Hafeez Shaikh.