Pakistani cabinet's ECC approves textile policy with amendments
The Pakistani cabinet’s economic coordination committee (ECC) recently approved the Textiles and Apparel Policy, 2020-25, with certain amendments. The ECC gave the approval after arriving at a consensus with stakeholders over cash subsidy for lower utility rates to boost production and export of value-added textile products. The policy is expected to be presented in the next cabinet meeting for approval.
The ECC also approved the summary presented by the energy ministry’s petroleum division on determination of RLNG sale price for Pakistan LNG Limited’s supply to K-Electric. It also approved the proposal of revision of gas price applicable to Mazarani Gas Field from $1.75/MMBTU to $3.75/MMBTU from September 1, 2021, Pakistani media outlets reported.
