ECC fixes electricity and gas rates for five export sectors

Machine operators work in a textile factory in Faisalabad. — afp/file

ISLAMABAD: Finance Minister Mifta Ismail on Monday chaired the meeting of the Economic Coordination Committee (ECC), during which power and gas rates for five export sectors were approved.

According to the ECC meeting, gas will be supplied to the export sectors at the rate of $ 9 per mmBtu. It was also decided to supply electricity to five export zones at the rate of 9 cents per unit.

The new rates will be applicable from August 1, as confirmed by the Finance Ministry.

The ECC also approved a supplementary grant of Rs 75 million for the Ministry of Information and Broadcasting.