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No Gas Load-shedding In Winter Season, ECC Decides

Islamabad (November 27, 2018): Economic Coordination Committee at its meeting in Islamabad on Tuesday decided that there will be no gas load-shedding this winter.

According to the details the Economic Coordination Committee (ECC) has decided against gas loadseddhing for domestic consumers during the three months of winter.

During the ECC meeting chaired by Finance Minister Asad Umar, it was decided that Re-Gasified Liquefied Natural Gas (RLNG) would be included in the system to overcome the shortage.

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It also allowed Ministry of Energy to raise Islamic financing for power sector through Power Holding Private Limited.

The ECC also allowed the Power Division to avail Islamic funding to pay off circular debt for which a committee has already been formed. The committee will decide on the procedure for the Islamic funding.

According to sources, approximately Rs100 billion in loans would be taken from Islamic banks.

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