*Meeting of the Cabinet Committee on Energy (CCOE)*
Islamabad, May 25th, 2021: A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar here in Islamabad.
Power Division submitted the Circular Debt Report for the month of April 2021. It was informed that the Circular Debt buildup during July and April was Rs. 260 billion which was considerably lower than the Rs. 449 buildup during April 2020, which reflected an improvement of Rs 189 over the last year.
The committee appreciated the improvement in Circular Debt Management and directed that Power Division should work with Finance Division to make further improvements in the system.
Petroleum Division apprised the Committee of the progress on the establishment of new LNG terminals.
The meeting was attended by Minister for Energy, Minister for Finance, Minister for Maritime Affairs, Minister for Railways, Minister for Science & Technology, Advisor on Commerce, SAPM on Power, Petroleum & Revenue. Representatives of regulatory authorities and officials of Provincial Governments also participated in the meeting.