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The Economic Coordination Committee (ECC) of the cabinet on Wednesday allowed continuation of gas supply to Fauji Fertiliser Bin Qasim for another five years. Reuters/File
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday allowed continuation of gas supply to Fauji Fertiliser Bin Qasim for another five years and removed a cap on dividend distribution on Mari gas to facilitate divestment of about 20 per cent of its shareholding.
A meeting of the ECC presided over by Minister for Finance and Revenue Dr Abdul Hafeez Shaikh also approved a technical supplementary grant of about Rs190 million, including Rs150m for advertisement campaign for projection of government activities on Covid-19 and Kashmir Solidarity Day.
KashmirNorth-west-frontierPakistanBalochistanUnited-kingdomIslamabadKarachiSindhFauji-foundationPunjabBritishAbdul-hafeez-shaikhECC nods new gas supply accord between SSGC, FFBL
Business
February 4, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved the renewal of an agreement between Sui Southern Gas Company (SSGC) and Fauji Fertilizer Bin Qasim (FFBL), which will lead to restoration of gas supply to the fertiliser maker. The petroleum division placed a summary before the ECC regarding renewal of gas supply agreement between SSGC and FFBL.
After a detailed discussion, the ECC approved with a condition that renewal would be allowed on as and when available basis for a period of five years.
âSSGC may restore the gas supplies to Fauji Fertilizer till December 2021 or until a uniform rate for the whole fertiliser sector is formulated after rationalisation of tariffs (whichever is earlier),â a statement said after a ECC meeting presided over by Minister for Finance and Revenue Hafeez Shaikh
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