ECC approves various development projects worth billions rupees


Islamabad, Jan. 5 (TNS): Economic Coordination Committee of the Cabinet on Friday approved several development project worth billions of rupees.

Prime Minister Shahid Khaqan Abbasi chaired ECC meeting which financing plan for 1.2 Billion Cubic Feet per Day capacity RLNG-III pipeline project (Karachi to Lahore) to be undertaken by SSGCL and SNGPL.

The ECC directed Petroleum Division to also examine the possibility of Public-Private Partnership for the project.

It also granted approval for issuance of Sovereign Guarantee for 39,000 million rupees for construction of two 660 megawatt coal power projects at Jamshoro.

The ECC also approved a proposal for withdrawal of sales tax and customs duty on imported cotton.