ISLAMABAD: A meeting of the Cabinet Committee on Energy (CCoE) was held under the Chairmanship of the Federal Minister for Planning, Development and Special Initiatives Asad Umar here on Thursday, where a proposal to reduce port charges on liquified natural gas (LNG) was approved.
The Committee considered a proposal of Petroleum Division reduction of port charges on LNG by Port Qasim Authority (PQA) based on independent assessments. The proposal also emphasised the need for empowered and development work at Port Qasim as an independent assessment.
The CCoE approved the proposal to conduct an independent assessment for more competitive rates. The Committee noted that the rationalisation of various charges at the Port will benefit the end consumers, through a reduction in the cost of LNG. It directed the Ministry of Maritime Affairs to immediately start infrastructure development work, using the financial resources available with the PQA. The Committee noted that improvement in the port infrastructure and facility should be the single priority of the PQA.
The meeting was attended by Federal Minister for Information and Broadcasting Shibli Faraz, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi, Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar, Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood, and officials of various divisions.
