ECC approves concessionary RLNG tariff for five export-oriented sectors

October 28, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the amendment in the earlier decision on Regionally Competitive Energy Rates for export-oriented sectors during FY23 as per which concessionary RLNG tariff of $9 per MMBTU for five export-oriented sectors to be continued in FY23.

It also allowed an amendment that the electricity tariff will be effective from 1st August 2022, whereas the RLNG tariff will be effective from 1st July 2022.

The Ministry of Commerce also presented a summary of amendments in Import Policy Order 2022 to allow the import of the Holy Quran subject to NOC from the relevant Federal or Provincial Authority.

The summary was presented in the light of the directions of the honorable Lahore High court and Baluchistan High court directing the Federal and Provincial authorities to ensure only error-free printing, publishing, recording, and import of copies of the Holy Quran.

The proposed amendment of the import of the Holy Quran was subject to NOC. The ECC after discussion approved the proposal.

The meeting was presided by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar.

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