ECC cancels Inter-State Gas Systems project, saves Rs 120 billion
ISLAMABAD (92 News) – The Economic Coordination Committee (ECC) presided over by Finance Minister Asad Umar on Tuesday cancelled the costly Inter-State Gas Systems (ISGS) project signed during the tenure of former prime minister Shahid Khaqan Abbasi.
The committee handed over the construction of oil line from Sheikhupura to Nowshera to Frontier Oil Company.
The meeting also approved an additional grant of Rs 5.60 billion for the Pakistan International Airlines for maintenance of engines and acquisition of related spares to operationalize grounded aircraft.
It also approved steps to be taken for the revival of cotton crop in the country.
The meeting decided that due focus will be laid on the area of research and development, and that collaboration will be made with China to enhance cotton yield.