Islamabad, September 30, 2022 (PPI-OT):Finance Minister Senator Mohammad Ishaq Dar presided meeting of the ECC, today. On fixation of imported Urea price, the ECC approved Dealer Transfer Price (DTP) of 50 kg imported Urea bag at Rs. 2150/bag and incidental charges at Rs. 620.47/bag with sharing subsidy on imported Urea at 50:50 basis with provinces. ECC approved the proposal containing request of M/s Zaver Petroleum Corporation (Pvt) Limited (ZPCL) for assignment of its entire 10% Working Interest (WI) in Bannu West Block to M/s Orient Petroleum Inc (OPI).

The ECC granted five years extension w.e.f 2nd April, 2022 in the validity period of development and production lease of Zamzama D and PL, on the existing terms and conditions. The ECC granted extension in the validity period of the eighteen (18) exploration licenses. The ECC approved tariff rationalization by way of adjustments for K-Electric to maintain the uniform tariff across the country at Rs. 0.5087/unit. The ECC approved summary for Ministry of Commerce and allowed release of consignments of previously banned items for which Goods Declaration (GDs) have been filed on or after 22 August, 2022.

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