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The Economic Coordination Committee (ECC) of Pakistan’s Cabinet, led by Finance Minister Miftah Ismail, approved significant changes to the Liquefied Natural Gas (LNG) Policy, facilitating future private sector involvement in LNG terminals. This move comes ahead of Prime Minister Shehbaz Sharif’s visit to Doha, aiming to attract Qatari investment in Pakistan’s LNG infrastructure. The amendments allow private LNG terminals to offer a portion of their capacity to the government and introduce Third-Party Access (TPA) on a negotiated tariff basis for new private terminals, with a mandatory TPA after 20 years. Additionally, the ECC lifted an import ban on over 860 items, responding to the International Monetary Fund’s (IMF) demands and addressing concerns from trading partners about supply chain disruptions. This decision aims to normalize trade and ensure the availability of goods in the domestic market.
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