February 14, 2024 (MLN): The Economic Coordination Committee (ECC) of the Cabinet is scheduled to meet today at 1500 hours to consider the Natural Gas Sale Pricing for the fiscal year 2023-24 effective from February 01, 2024.
According to market consensus, the committee will likely approve the hike in gas prices which will improve the cash flows of Sui companies.
Media reports suggest that Cabinet members remained divided on Tuesday over a proposed increase of up to 69% in gas prices.
Any delay beyond Thursday could cost Pakistan $1.2 billion, as the International Monetary Fund (IMF) has been assured that the deadline for reassessment of gas price increases is only two days away.
Caretaker Finance Minister Dr. Shamshad Akhtar will chair the said meeting.
Copyright Mettis Link News
Posted on:2024-02-14T14:35:41+05:00
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