Islamabad November 16 2022: Economic Coordination Committee approved Rs. 1,258.248 million for payment of sixteen month gas bills of Pakistan Steel Mill to Sui Southern Gas Pipeline Company.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) at Finance Division, today.
Ministry of Industries and Production submitted a summary for release of funds for SSGC for gas supply to Pakistan Steel Mills (PSM). It was shared that the production of PSM has been at a halt since 2015 and low flame gas of 2 million cubic feet per day (MMCFD) is being supplied to PSM primarily to preserve the Coke Oven Batteries and refractory kilns.
The ECC after deliberation approved Rs. 1,258.248 million for sixteen month gas bills from the already approved budgetary allocation of Rs. 10 billion to PSM for FY 2022-23 and releasing of an amount Rs. 298.248 million for the period from March to June 2022.
Federal Minister for Power Mr. Khurram Dastgir Khan, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Government Effectiveness Dr. Muhammad Jehanzeb Khan, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal, Federal Secretaries, Chairman FBR and other senior officers attended the meeting.
