The Economic Coordination Committee (ECC) of the Cabinet chaired by Finance Minister Asad Umar has approved the supply of gas to Tall and other adjacent areas of district Hangu, Khyber Pakhtunkhwa. The committee also decided to waive off the the accumulated penal surcharges of Rs 700 million against overstayed consignments at ports.
As proposal by the Federal Board of Revenue (FBR) the penal surcharges of Rs 700 million against overstayed consignments at ports has been waived by the committee. The decision will enable importers to clear their overstayed cargoes and would also help reducing congestion at ports and bonded warehouses.
The Commerce Division gave a presentation about the significance of establishment of an Independent Insurance Regulator. The ECC directed the Commerce Division to expedite the findings of the Commission, already formed on the subject, for making informed decision. The Committee directed the Petroleum Division to take corrective measures to reduce gas losses. It asked the Division to submit monthly report on Unaccounted for Gas (UfG) on the pattern of the report on electricity losses presented by the Power Division.
The committee also directed both gas supply companies (SNGPL & SSGPL) to prepare a joint presentation, and present the same to Task Force on Energy before submission to CCoE in its next meeting.
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