Economic Coordination Committee of the Cabinet has approved continuation ofconcessionary rates of electricity and Re-Gasified Liquefied Natural Gasfor export oriented sectors.

Adviser on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meetingof the Committee in Islamabad on Wednesday.

It has been worked out by the Power Division that for July-August 2020, theelectricity to export oriented sectors may be provided at US cents 7.5/kWhall inclusive and thereafter at US Cents 9/kWh all inclusive for the restof the financial year 2020-21.

ECC also decided that Finance Division will continue with the existingguarantee of 31 billion for the power sector through Power HoldingCompany.

The Committee also gave approval of formation of an Advisory Committee forthe release of unsold spectrum for Next Generation Mobile Services.