ECC sanctions Rs9bn payout for OMCs, including PSO to clear dues

MG News | June 13, 2024 at 09:46 PM GMT+05:00

0:00

June 13, 2024 (MLN): The Economic Coordination Committee (ECC) approved a proposal of the Petroleum Division on Thursday to release Rs9 billion to Oil Marketing Companies (OMCs) including Pakistan State Oil (PSO).

The amount is authorized to the OMCs so that they can settle their outstanding claims arising on account of price differential claims.

Additionally, the ECC granted its approval for significant technical supplementary grants, along with proposals from other ministries.

The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb chaired the meeting of the Committee along with other government officials.

These included the Minister for Industries & Production Rana Tanveer Hussain, Minister for Petroleum Musadik Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister of State for Finance & Revenue Ali Pervez Malik, Federal Secretaries, and other senior officials of the relevant ministries.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,412.23 592.49M	-0.64% -1085.12
ALLSHR	100,841.15 1,186.30M	-0.49% -498.14
KSE30	50,990.49 119.02M	-0.81% -418.65
KMI30	241,834.15 330.82M	-0.57% -1391.56
KMIALLSHR	65,320.38 781.20M	-0.50% -328.34
BKTi	47,340.81 74.99M	-0.96% -458.37
OGTi	34,939.95 5.93M	-0.69% -243.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,900.00	77,035.00 76,485.00	240.00 0.31%
BRENT CRUDE	110.97	111.96 110.56	-0.29 -0.26%
RICHARDS BAY COAL MONTHLY	109.50	110.00 109.00	2.40 2.24%
ROTTERDAM COAL MONTHLY	104.75	106.75 104.75	0.45 0.43%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	99.58	100.74 98.93	-0.35 -0.35%
SUGAR #11 WORLD	14.24	14.30 13.98	0.27 1.93%