The Economic Coordination Committee (ECC) approved over Rs24 billion for the defence and interior ministries on Thursday. The decision came during a meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad. The approval was confirmed in a report by state-run Radio Pakistan. The ECC approves funds mainly for law and order and defence-related projects. READ […]
Economic Coordination Committee (ECC)
Govt approves Rs30.2bn grant for USC closure
The government has approved a supplementary grant of Rs30.2 billion to ensure the smooth closure of the Utility Stores Corporation (USC), marking the end of its operations nationwide. The Economic Coordination Committee (ECC) announced that the financial package aims to reduce the burden on the national exchequer while also protecting the rights and welfare of […]
ECC approves Rs3 billion relief package for flood victims
The Economic Coordination Committee (ECC) has approved a Rs3 billion relief package for flood victims in Gilgit-Baltistan. The decision was made during a meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad. Federal ministers Owais Leghari, Ali Parvez Malik, and Rana Tanveer also attended the session. The ECC emphasized providing affected families with tents, medicines, […]
ECC approves uniform fuel charges to balance power tariffs
The Economic Coordination Committee (ECC) has approved the nationwide uniform application of fuel charges adjustment (FCA), extending the measure to K-Electric consumers in Karachi to ensure consistent power tariffs across the country. This decision, taken under the chairmanship of Finance Minister Muhammad Aurangzeb, will align K-Electric with state-run distribution companies, creating parity through tariff rationalisation […]
Power minister criticises lack of ECC consultation
The power minister has voiced concerns over the Economic Coordination Committee (ECC) for not consulting the Power Division while collecting data on shipbreaking and recycling sector electricity usage for tariff decisions. The ECC recently discussed declaring the shipbreaking and recycling sector an official industry and instructed the Maritime Affairs Division to work with the Power […]
ECC approves industrial estate on Pakistan Steel Mills land
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved the establishment of a large-scale industrial estate on 3,200 acres of unused land belonging to Pakistan Steel Mills (PSM) in Karachi. The move aims to transform idle government land into an industrial hub, potentially attracting investment and creating thousands of new jobs. The ECC meeting, chaired […]
Pakistan rolls out Rs9B electric vehicle subsidy plan
The Economic Coordination Committee (ECC) approved a major subsidy plan to promote electric bikes and rickshaws in Pakistan. The Finance Division said Rs9 billion is allocated for the scheme in fiscal year 2025-26. This initiative aims to encourage citizens to switch to cleaner, greener vehicles. It also targets reducing pollution and supporting sustainable transport in […]
Govt hikes radio service charges by up to 360%
The government has approved a major increase in charges for radio-based services (RBS) after nearly 25 years, aiming to recover rising administrative costs. The Economic Coordination Committee (ECC) approved the new fee structure last week, affecting around 1,100 radio networks and mobile stations across Pakistan. The Pakistan Telecommunication Authority (PTA) revealed that RBS fees had […]
Pakistan adopts green taxonomy for growth
The Economic Coordination Committee (ECC) of the federal cabinet approved Pakistan’s first Green Taxonomy on July 25. The initiative, proposed by the Ministry of Climate Change and Environmental Coordination, aims to promote environmentally sustainable investments across the country. Finance Minister Muhammad Aurangzeb chaired the meeting and praised the step as a much-needed policy shift. He […]
ECC demands fair access for farmers left out of Rs37.5bn loan scheme
The Economic Coordination Committee (ECC) has expressed concern over the exclusion of small farmers from Punjab and Sindh in a new Risk Coverage Scheme. The scheme, developed to provide financial support to farmers in underserved areas, currently covers only Khyber Pakhtunkhwa and Balochistan. The ECC has now asked the State Bank of Pakistan (SBP) to […]