Foreign LNG firms to invest $500m without off-take guarantees

Dawn | Jan 23, 2020 at 7:03 AM
  • A parliamentary body on Wednesday was informed that international companies investing in liquefied natural gas (LNG) will bring in roughly $500 million foreign direct investment without any financial subsidy and off-take guarantees from the government which earlier placed unnecessary financial burden on the state.
  • Members also emphasised on reviewing fishing policy, and education of local fishermen on depleting stock of fish in Pakistan.
  • Among some of the recommendations were imposing strict ban on irregular fishing gear in order to check rapidly depleting fish stocks.