An 18-member high-level committee was set up to invest 5 billion dollars in the energy sector, which was given 12 important tasks.
The decision of the committee was made in a meeting related to the energy sector under the chairmanship of the Prime Minister. The committee will include 6 federal ministers, 6 federal secretaries, chairman FBR and representatives of oil and gas companies.
The committee headed by Deputy Prime Minister Ishaq Dar was directed to submit the report within three weeks.
The committee will prepare proposals to resolve the revolving credit in the gas sector, the committee will also review the financial system to attract investors, the committee will implement the revised petroleum policy 2012, tight gas policy 2024.
Apart from this, the committee will also prepare proposals regarding the determination of benchmarking port charges for LNG cargoes, the Secretary of the Petroleum Division will provide support to the committee.
