ECC directs PD to divert surplus business to Pakistan Railways

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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Petroleum Division to divert the surplus business to Pakistan Railways that offers the lowest freight charges as compared to other modes of transportation.

Finance Adviser to PM Dr Abdul Hafeez Shaikh chaired the meeting.

The Petroleum Division briefed the Committee about the utilization of Railways services for transportation of petroleum products to upward country.

In order to enhance the supply of PSO products to Pakistan railways, the committee directed the Petroleum Division to divert the surplus business to Pakistan Railways that offers the lowest freight charges as compared to other modes of transportation.

Giving a presentation to ECC, the Ministry of Maritime Affairs emphasized the urgency of the establishment of the third terminal at Port Qasim Authority (PQA) so as to meet the gas shortage in the country in the years ahead.

In order to expedite the process of establishing the 3rd LNG terminal, the Committee approved the resolutions of the PQA’s Board by exempting the Authority from public tendering for the appointment of the legal consultant through negotiated tendering.

The Committee also approved the resolution of the Board to allow amendment in the PQA master plan to accommodate the prospective 3rd LNG Terminal.

It may be recalled that the ECC in its decision, in February 2019, had directed the Ministry of Maritime Affairs to expeditiously work on setting up of an additional LNG terminal.

The Ministry of National Food Security and Research updated the Committee about the wheat stock position in the country.

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