PM to deliberate on gas pricing, staggering SSGCL losses in ECC meeting today

News Image

By MG News | May 17, 2018 at 10:14 AM GMT+05:00

0:00

Prime Minister is expected to chair an Economic Co-ordination Committee (ECC) meeting today to give approval on multiple projects mainly in the Maritime Affairs Division and Petroleum Division amongst others.

Prime Minister of Pakistan, Mr. Shahid Khaqqan Abbasi is expected to chair an Economic Co-ordination Committee meeting of the cabinet at 11:00 IST in Parliament House, Islamabad.

The committee will contemplate the approval of Necessary Amendments/Exemptions required for the Gwadar Port and Gwadar Free Zone. Amongst other items on the agenda, the committee will also discuss allocation of additional gas production from Mari Petroleum Company Limited (MARI)’s existing reservoirs to PAkArab Fertilizers limited.  

The ECC meeting will also discuss matters pertinent to allocation of site to private LNG developers including Engro-Fatima-Shell and Energas at Port Qasim.

According to reliable sources, the meeting will discuss Natural Gas Pricing as well.

In addition to that, the meeting is expected to take stock of the staggering accumulated losses of Sui Southern Gas Company Limited (SSGCL) owing to the court’s decisions in the matter of Oil & Gas Regulatory Authority (OGRA) determinations.

Furthermore, committe members will deliberate on OGRA’s policy guidelines with respect to treatment of provisional UFG determinations in the light of OGRA’s final UFG study in the revenue requirements of Gas utility companies.

Termination of contract of affreightment (COA) between Pakistan State Oil (PSO) and Pakistan National Shipping Corporation (PNSC) will also be reviewed.

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,215.00 110,525.00
110,155.00
-200.00
-0.18%
BRENT CRUDE 68.86 68.89
68.84
0.06
0.09%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.13 67.18
67.00
0.13
0.19%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

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