ISLAMABAD: On Thursday, 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.

The committee considered a proposal by Petroleum Division to reduce 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.

Furthermore, CCOE directed the 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 the port’s infrastructure and facility should be the single priority of Port Qasim Authority.

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 and Investment, and official of various divisions.

Hamza Habib is a senior journalist and former editor of correspondent.pk who has previously worked for leading newspapers and TV networks of the country. He mainly writes on the economy and political issues.

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