A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar

Dated : 4 March 2021

A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar here in Islamabad on Thursday.

The Committee considers a proposal of Petroleum Division reduction of port charges on LNG by PQA based on independent assessments. The proposal also emphasized the need for empowered and development work at Port Qasim as an independent assessment.

CCoE approved the proposal to conduct an independent assessment for better competitive rates. The Committee noted that rationalization of various charges at the Port will benefit the end consumers, through reduction in cost of LNG. CCOE directed Ministry of Maritime Affairs to immediately start infrastructure development work, using the financial resources available with Port Qasim Authority. The Committee noted that improvement in Port Infrastructure and facility should be the single priority of Port Qasim Authoriuty

The meeting was attended by Federal Minister for Information and Broadcasting Shibli Faraz, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi, SAPM on Petroleum Nadeem Babar, Abdul Razak Dawood Advisor to the Prime Minister on Commerce & Investment, and official of various divisions.