SNGPL and SSGCL awarded mammoth Energy projects

News Image

MG News | January 05, 2018 at 05:53 PM GMT+05:00

0:00

Prime Minister Shahid Khaqan Abbasi today chaired meeting of Economic Coordination Committee (ECC) of the Cabinet at Prime Minister’s Office today.

The meeting approved financing plan for 1.2 Billion Cubic Feet per Day (BCFD) capacity RLNG-III pipeline project (Karachi to Lahore) to be undertaken by SSGCL and SNGPL. The ECC directed Petroleum Division to also examine the possibility of Public-Private Partnership for the project.

Proposal to allocate 10 MMCFD gas from Adam X-1 and 18 MMCFD from Adam West X-1 to SSGCL was approved. The price of gas will be determined as per the applicable Petroleum Policy.

The ECC also granted approval for issuance of GoP Sovereign Guarantee for Rs. 39,000 million for construction of two 660 MW coal power projects at Jamshoro. The approval has been granted after third party evaluation of the project and authentication of the projected demand and supply data submitted by NTDC.

The ECC also approved a proposal for withdrawal of sales tax and customs duty on imported cotton effective from 8th January, 2018.

The Prime Minister and members of ECC appreciated Mr. Shahid Mehmood, Secretary Finance for his meritorious services to the Government of Pakistan. Mr. Shahid Mehmood will retire from service on 06 January 2018.

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 19, 2025 at 04:28 PM GMT+05:00

4.7m families get BISP aid in Punjab


July 19, 2025 at 03:00 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 19, 2025 at 02:49 PM GMT+05:00

RDA attracts $182m in June


July 19, 2025 at 02:49 PM GMT+05:00

M2 falls by Rs455bn in a week



Top 5 things to watch in this week

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