A meeting of the Cabinet Committee on Energy (CCoE) was held under the Chairmanship of the Federal Minister for Planning, Development, and Special Initiatives, Asad Umar.
The CCoE approved the summary submitted by the Power Division on the winter incentive package on incremental consumption for all domestic, commercial, and general services consumers of XW-DISCOs and K- Electrics from 1st November 2021 till 28th February 2022.
CCoE also considered the revision of gas tariff slabs for the domestic consumers during the winter season of FY 21-22 submitted by the Petroleum Division.
The forum discussed the agenda in detail and outlined that gas is a precious energy resource, and resultantly, the import of LNG is a large drain on Pakistan’s foreign exchange. It constitutes a major part of the country’s total imports and consumer spending. It is now critically important to realize both on individual and national levels that energy resources need to be conserved by switching to energy-efficient appliances.
Keeping in view, a committee headed by Minister for Science and Technology, Mr. Shibli Faraz, has been formed. This committee will give its recommendations within 30 days on the measures to ensure the use of energy-efficient appliances through various fiscal and administrative incentives along with regulatory actions to be taken to promote these appliances to rationalize the consumption, reduce consumer’s monthly expenses and resultantly reduce the country’s energy import bill.
The meeting was attended by the Minister for Energy, Minister for Maritime Affairs, SAPM on Power, Petroleum & Revenue, SAPM on CPEC, and representatives of regulatory authorities and senior officials of Ministries/Divisions also participated in the meeting.