Prime Minister Muhammad Nawaz Sharif will chair the meeting.
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi will brief the body on import of Liquefied Natural Gas.
It would also review the status of its earlier decisions besides approving the annual reports of the CCI for the years 2013-14 and 2014-15.
The meeting will also discuss the pumping of drainage effluent, rationalisation of water distribution from Hub dam and early completion of Right Bank Outfall Drain project.
The meeting will be attended by the council members including the provincial chief ministers.