ECC to discuss appointment of valuator for Energy Sukuk-II

April 09, 2020 (MLN): Economic Coordination Committee of the cabinet will discuss the appointment of valuator for Pakistan Energy Sukuk- II worth Rs 200 billion in a meeting, scheduled to take place today, i.e. April 09, 2020, at Cabinet Division.

The Advisor to the Prime Minister on Finance and Revenue will chair the meeting wherein the following important agenda points will be discussed:

• Syndicated Term Finance Facility of Rs 100 billion for Power Holding Limited for power sector liquidity

• Deferment of quarterly, monthly fuel adjustment and economic stimulus measures

• Constitution of price negotiation committee for TAPI Gas pipeline project

• Losses incurred by the PSO and Oil industry due to devaluation of PKR

• SOS for funds-impact of COVID-19 pandemic on PSO cashflows

• Impact of reduction in demand due to lockdown & Economic slowdown as a result of COVID-19

• Release of technical Supplementary Grant for Special Security Division (SSD) (South) Phase-I of FY20

• Technical Supplementary Grant for Special Communication Organization (SCO) during FY20

• Technical Supplementary Grant in respect of Demand No 009-FPSC for FY20

• Approval of Technical Supplementary Grant (TSG) against Fund of 1700 million during FY20 under Sustainable Development Goals Achievement Programme (SAP)

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