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ECC approves key PNSC restructuring, gemstone policy

Published on: May 20, 2026 5:18 AM

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved several key Technical Supplementary Grants (TSGs), granted in-principle approval for restructuring of Pakistan National Shipping Corporation (PNSC), and cleared the National Policy to realize Pakistan’s gemstone potential 2026-2030.

The meeting was met under the chairmanships of the Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, said a news release. The ECC approved a summary submitted by the Ministry of Federal Education and Professional Training for allocation of Rs 3,915.24 million through Technical Supplementary Grant (TSG) for the Prime Minister Youth Skill Development Programme through NAVTTC and establishment of Danish Schools in Azad Jammu and Kashmir (AJK), Gilgit-Baltistan, and Balochistan. The ECC further approved two summaries submitted by the Ministry of Interior and Narcotics Control, including TSG amounting to Rs. 160 million for repair and maintenance of the Prime Minister’s Office during FY 2025-26, and allocation of Rs. 480 million for recurring operational requirements of Frontier Corps KP (North) Hospital at Shakas, District Khyber.

The Committee was informed that following winding up of Pakistan Public Works Department (Pak PWD), maintenance responsibilities of the Prime Minister’s Office had been transferred to the Capital Development Authority (CDA).

The ECC noted that the approved allocation for FC KP (North) Hospital would support uninterrupted provision of healthcare and operational services for FC personnel, families of Shuhadas, and injured soldiers.

The ECC considered and approved a summary submitted by the Ministry of National Health Services, Regulations and Coordination for a TSG of Rs. 1,500 million for the Prime Minister National Health Programme (4th Revised) during PSDP 2025-26. The programme, previously known as Sehat Sahulat Programme, is a fully public-financed social health protection initiative aimed at expanding healthcare coverage and supporting access to medical services.

The committee also approved a summary submitted by the Ministry of Kashmir Affairs and Gilgit-Baltistan regarding enhancement of monthly Subsistence/Guzara Allowance for Jammu and Kashmir Refugees of 1989 from Rs 3,500 to Rs 6,000 per person with effect from 01 February 2026, along with allocation of Rs 578.838 million through TSG for the period ending 30 June 2026.

The committee directed the concerned Ministry to take up future budgetary requirements with the Finance Division for the next budget cycle. The ECC considered a summary submitted by the Ministry of Railways regarding allocation of additional grant for payment of outstanding liabilities under the Prime Minister Assistance Package. After detailed deliberation, the committee approved Rs. 1 billion as Prime Minister Assistance Package, and directed the Railways Division to undertake a broader review of their pension liabilities.

The ECC also directed the Establishment Division to review the overall policy framework relating to the Prime Minister Assistance Package. The ECC further approved a summary submitted by the Ministry of National Food Security and Research for allocation of Rs. 1 billion through TSG for operationalization of the National Agri-Trade and Food Safety Authority (NAFSA).

The Authority was established to strengthen regulatory oversight relating to food safety, plant health, livestock, and agro-chemicals in line with international standards and trade requirements.

The Committee also granted in-principle approval for restructuring of Pakistan National Shipping Corporation (PNSC) through sale of 30% shareholding and transfer of management control to National Logistics Corporation (NLC), submitted by Ministry of Maritime Affairs. The ECC directed the concerned authorities to expedite the process in view of tapping the emerging maritime and transshipment opportunities.

The ECC also approved the National Policy to Realize Pakistan’s Gemstone Potential 2026-2030 submitted by the Industries and Production Division. The policy aims to formalize the gemstone sector, promote value addition and modern mining practices, and enhance exports and regional economic development, particularly in Gilgit-Baltistan, Khyber Pakhtunkhwa, and Azad Jammu and Kashmir.

The meeting was attended by Federal Minister for Investment Qaiser Ahmed Sheikh, Federal Minister for Power Sardar Awais Ahmed Khan Leghari, Federal Minister for Petroleum Ali Pervaiz Malik, Federal Minister for National Food Security and Research Rana Tanveer Hussain, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, along with federal secretaries and senior officials from the relevant ministries, divisions, and regulatory authorities.

Filed Under: Business Tagged With: ECC, Economic Coordination Committee

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