Energy Committee to form subcommittee on CSR, bonuses, training funds

February 06, 2025 (MLN): The Standing Committee on Energy (Petroleum Division) agreed to form a subcommittee, under the convenorship of Syed Naveed Qamar, to draft new guidelines for the efficient use of Corporate Social Responsibility (CSR), production bonuses, and training funds for capacity building.

This decision was made during the committee meeting held at the Parliament House, chaired by Syed Mustafa Mehmood, MNA.

The meeting focused on gas procurement agreements with Qatar and Azerbaijan, the challenges faced by local gas distribution companies, and the government's new policy framework for private companies' involvement in natural gas exploration.

He highlighted the provision allowing private entities to retain and market 35% of future gas discoveries in Pakistan, according to the press release issued today.

The secretary briefed regarding the two-pronged strategy to manage supply shortfalls, which includes engaging stakeholders for new discoveries.

The strategy also focuses on prudent network operations, which will help optimize reserves, promote competition, and reduce circular debt.

Regarding fuel quality, the Ministry stated that refineries have previously been advised to investigate the influence of additives on the environment and health, and the government has established the Brownfield Refining Policy, 2023, to upgrade refineries.

The committee recommended holding a comprehensive briefing on the new biofuel policy in the upcoming meeting.

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