ECC Approves RLNG Preferential Tariff for Five Export-Oriented Sectors

Federal Finance and Revenue Minister Senator Mohammad Ishaq Dar chaired an ECC meeting.— APP

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved the continuation of the preferential RLNG tariff of $9 per MMBTU for five export-oriented sectors for the current fiscal year 2022-23.

The ECC has also authorized the Ministry of Home Affairs to release the funds of Rs 1 billion allocated for the Rawat-Faizabad Metro to the Ministry of Housing and Works for the execution of five development projects. This was done to win the support of political allies.

The programs include 65 development schemes of Tharparkar at a cost of Rs450 million, development schemes for community home solar power system in various UCs ​​of Tehsil Mashkhel and Basima Washuk district at a cost of Rs200 million, construction of Blacktop Road Hassan Goth Sunni District Kachhi at a cost of Rs45.574 million, Kharan development package for NA-268 at a cost of Rs48 million and Shangla Road Water Supply development at a cost of Rs256.426 million.

In a summary approved by the ECC, an amendment was proposed by the Ministry of Petroleum stating that pursuant to ECC and Cabinet decisions, the Petroleum Division directed SNGPL and SSGCL that “the RLNG would provided at a cost of $9 per MMBtu all inclusive to five export oriented sectors across Pakistan for all remaining existing connections with the allocation of a total subsidy of Rs 40 billion as already done by the Division of finances in the budget. The tariffs will be effective from August 1, 2022.”

The ECC also approved another summary from the Department of Commerce requesting a change in the earlier ECC decision dated 25-07-2022 on regionally competitive energy tariffs for export-oriented sectors during fiscal year 2022-23 and authorized an amendment that “the electricity tariff will be effective from August 1, 2022, while the RLNG tariff will be effective from July 1, 2022.”

The Department of National Health Services, Regulation and Co-ordination has presented a summary of the proposal to increase the maximum retail price (MRP) of paracetamol products. The ECC has approved the following agreed price for paracetamol products. Product Current price (Rs.) Asking price (Rs) Agreed price (Rs) Kind 500mg 1.87 2.67 2.35; additional 500mg 2.19 3.32 2.75; Liquid 104.8 117.6 117.6

The ECC reviewed and approved a summary from the Ministry of Industries and Production and authorized the payment of a planned net salary of Rs 1,378 million for the financial year 2022-23 to be paid monthly to the employees of Pakistan Steel Mills (PSM) through a technical supplement. to agree. This decision will ensure the payment of the monthly salary to the employees. The ECC has also approved additional technical grants of Rs 30.888 billion for the Defense Division and Rs 1 billion for the Ministry of Housing and Works. The Ministry of Commerce presented a summary of the amendment to the Import Policy Ordinance 2022 to allow the importation of the Holy Quran subject to the CA of the competent federal or provincial authority.


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