The Economic Coordination Committee (ECC) has approved Pakistan’s first five-year gem stone policy, marking a major step toward formalizing the sector. The decision was taken during a meeting chaired by Finance Minister Muhammad Aurangzeb and included multiple financial and structural approvals. The development matters because it aims to strengthen mineral exports, improve governance, and support broader economic reforms.
According to an official statement from the Ministry of Finance, the ECC also approved the restructuring of the Pakistan National Shipping Corporation. The committee reviewed several proposals aimed at improving public sector efficiency and financial management. Additionally, multiple technical supplementary grants were cleared for government departments and national programs.
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The ECC approved Rs3.91 billion for the Prime Minister’s Youth Skills Development Programme. It also sanctioned Rs160 million for the Prime Minister’s Office and additional funding for health and security-related initiatives. Furthermore, Rs1.5 billion was approved for the Prime Minister’s National Health Programme to support healthcare services nationwide. Officials said these allocations aim to enhance public service delivery.
In another decision, the committee increased stipends for Jammu and Kashmir migrants from Rs3,500 to Rs6,000 per month. It also allocated Rs580 million for the allowance program until June 30. Moreover, Rs1 billion was set aside for railway pension liabilities and institutional restructuring. These measures are intended to support vulnerable groups and stabilize public sector obligations.
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The ECC also gave approval for the establishment of the National Agri Trade and Food Safety Authority with a Rs1 billion grant. Additionally, it endorsed restructuring plans for the shipping corporation, including transferring 30 percent shares to the National Logistics Cell with management control. Officials said the reforms are part of broader efforts to improve governance and economic performance.