Commerce Division has floated a proposal for the Economic Coordination Committee of the Cabinet for change in economic merit order for power plants aimed at rationalization of imported fuel to contain trade deficit, well-informed sources told Business Recorder.

Commerce Division, in its summary, has stated that the country’ s exports have started following a high growth trajectory of more than 11% year-on-year basis, since June 2017 and are expected to continue on the track during 2018. Commerce Division expects a 15 per cent increase in exports in February 2018 which is considered a big achievement of incumbent team. Commerce Division has also proposed that the supply of imported LNG for captive power generation may be disallowed, at least till the time the imported fuel prices come down resulting in improvement in the current account position.

Published in Business Recorder, 9th March, 2018

https://epaper.brecorder.com/2018/03/09/1-page/703823-news.html