ECC discuss proposal to ensure tax exemptions at Gwadar Port, Gwadar Free Zone

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—Photo courtesy: Press Information Department (PID)


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

The meeting considered a proposal for introducing necessary amendments in the relevant laws for the purpose of ensuring tax exemptions at the Gwadar Port and Gwadar Free Zone and constituted a committee to remove any anomalies in the proposed amendments.

The ECC also considered the issue of allocation of site to private LNG developers for establishment of LNG Terminal.

It was decided that only those sites at Port Qasim would be allocated for the establishment of LNG Floating Terminal which have been declared safe after undertaking Quantitative Risk Assessment.

The meeting approved a proposal to allocate 35 MMCFD Mari shallow gas and 40 MMCFD of Mari Deep gas to Pakarab Fertilizer Ltd. (PFL) in order to optimally utilize its available installed capacity.

The Committee will examine all aspects of natural gas sale pricing mechanism and would submit its recommendation to the Cabinet within three months.

The ECC also approved 05 localities for SNGPL and 06 for SSGCL for setting up LPG Air Mix Plants for the purpose of supply of gas to the residents. The SNGPL localities include Bisham, Upper Dir, Kana, Alpuri and Narrar in Punjab.

The SSGCL localities include Dalbandin, Taftan, Zheri, Bekar, Kunri and Killi Balozai.

The ECC also approved an amount of Rs. 1140 million as three months salaries (Jan to March, 2018) for the employees of Pakistan Steel Mills Corporation.

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