ECC releases Rs620.8mn for SSGC in lieu of gas supply to PSM

News Image

By MG News | June 03, 2022 at 10:34 PM GMT+05:00

0:00

June 3, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet, has released Rs620.85 million for SSGC for gas supply to Pakistan Steel Mills (PSM), said a press release issued today

Federal Minister for Finance and Revenue Mr Miftah Ismail presided over the ECC at Finance Division, today.

As per the press release, the Ministry of Industries and Production submitted a summary for the release of funds for SSGC for gas supply to Pakistan Steel Mills (PSM).

It was submitted that due to the closure of the production activity in Pakistan Steel Mills(PSM), low flame gas of 2 MMCFD is being supplied to PSM primarily to preserve the Coke Oven Batteries and refractories kilns with an average monthly bill of Rs80 million (Approx.).  

The ECC after discussion allowed the release of Rs. 620.85 million for making payment of 8 months' outstanding gas bills i.e. July 2021 to Feb 2022.

Federal Minister for National Food Security and Research Chaudhary Tariq Bashir Cheema, Federal Minister for Commerce Syed Naveed Qamar, Minister of State for Finance and Revenue Dr Aisha Ghous Pasha, Federal Secretaries and senior officers attended the meeting.

Copyright Mettis Link News

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 131,176.40
73.64M
0.37%
489.75
ALLSHR 81,639.81
346.18M
0.41%
334.56
KSE30 40,111.55
31.92M
0.42%
166.10
KMI30 191,132.18
37.36M
0.23%
434.13
KMIALLSHR 55,131.55
169.19M
0.10%
57.39
BKTi 35,005.42
6.16M
1.26%
437.02
OGTi 28,583.18
2.85M
-0.54%
-156.17
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,270.00 110,525.00
109,260.00
-1145.00
-1.04%
BRENT CRUDE 68.53 68.89
68.37
-0.27
-0.39%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 108.45 0.00
0.00
0.25
0.23%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.85 67.18
66.69
-0.15
-0.22%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 12:48 PM GMT+05:00

Weekly inflation rises 0.73%


July 04, 2025 at 12:46 PM GMT+05:00

Bilal Fibres reports suspension of operations


July 04, 2025 at 12:24 PM GMT+05:00

SECP invites public feedback on share issue reforms


July 04, 2025 at 12:12 PM GMT+05:00

Pakistan produces 12m mobile phones in first half of 2025


July 04, 2025 at 11:24 AM GMT+05:00

Pakistan calls for credit rating reform at UN FFD4 summit



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg