ECC approves uninterrupted gas supply to export-oriented industries
October 16, 2018
ISLAMABAD: The Economic Coordination Committee at its meeting in Islamabad on Tuesday approved a mechanism for supply of uninterrupted gas to zero-rated export-oriented industries.
The meeting, chaired by Finance Minister Asad Umar, approved the supply of RLNG to the export industry for three months from December this year to February next year.
According to the mechanism, the export sectors will be provided mixed energy including RLNG from March to November.
Today's ECC meeting was also set to announce a hike in power tariffs, but a decision on the matter could not be made due to the absence of the energy minister. After an increase in the gas tariff, the government is likely to increase the price of electricity by Rs3.75 per unit.
On Monday, the government was said to have prepared a summary regarding a hike in power tariffs.
“Recommendations have been made for increase in prices for the years 2016-17 and 2017-18 as per which the price per unit is expected to rise by Rs3.75,” sources close to the matter had said regarding the summary.
“With the recommended rise in power tariff, an additional Rs400 billion per month is expected to be collected from consumers,” the sources had added.
