The Economic Coordination Committee (ECC) of Pakistan has approved a grant amounting to over 1.58 billion Pakistani Rupees (PKR) to cover the salaries, allowances, and other financial obligations of the country’s armed forces. This decision was made during a meeting chaired by Finance Minister Muhammad Aurangzeb. The approved funds will be allocated by the Ministry […]
Economic Coordination Committee (ECC)
ECC approves supplementary grants and new gas prices in key economic meeting
ISLAMABAD – The Economic Coordination Committee (ECC) approved several technical supplementary grants for different ministries during a meeting chaired by Finance Minister Muhammad Aurangzeb. These grants are part of the budget for the 2024–25 financial year. The committee approved Rs 15.8 billion for the Ministry of Defence. Another Rs 6.3 crore was approved for rent […]
Pakistan powers up: final agreements for Karachi’s nuclear plants approved
Pakistan is moving ahead with signing power purchase agreements for its two major nuclear power plants in Karachi — K-2 and K-3. These agreements involve three parties: the Pakistan Atomic Energy Commission (PAEC), the National Transmission and Despatch Company (NTDC), and the Central Power Purchasing Agency (CPPA-G). The approval came during a recent meeting of […]
Finance minister granted power to approve budget honorariums for govt employees
The Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, approved a new policy giving the Finance Minister discretionary powers to grant budget honorariums to government employees. This applies mainly to employees in economic ministries, parliament, and the Prime Minister’s Office. The policy removes any upper limit on the number of budget honorariums the […]
ECC approves billions in extra funds for ministries to tackle economic needs
The Economic Coordination Committee (ECC), led by Finance Minister Muhammad Aurangzeb, held a key meeting in Islamabad. The meeting reviewed the current economic situation and approved billions in supplementary grants for various government departments. These grants will help ministries continue important development and security projects. The ECC approved funds for many areas. It gave Rs […]
ECC removes import ban on luxury items
The coalition government removed the import restrictions on non-essential and luxury goods on Thursday, but the prohibitions on the import of fully assembled cars, cell phones, and home appliances will still be in effect. According to the Ministry of Finance, the decision was made during the Economic Coordination Committee (ECC), which was presided over by […]
ECC approves Rs 24.26 billion fertilizer subsidy
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet here on Thursday approved Rs 24.26 billion subsidy on fertiliser for Kharif Crops 2022 and also enhanced Minimum Support Price (MSP) of Wheat Crop 2021-22 from Rs.1,950/40 Kg to Rs 2,200/ 40 Kg. The meeting was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin […]
Cabinet approves increase in Ehsaas cash stipend
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Monday approved the enhancement of Ehsaas Kifalat or BISP monthly stipend by Rs 2000 per annum from January 1, 2022. In a message on her official Twitter account, Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection Dr Sania Nishtar announced, “Cabinet […]
ECC recommends Rs 9 per litre increase in petrol price
The Economic Coordination Committee (ECC) of the federal cabinet on Friday approved an increase Rs 9 per litre in the price of petrol for the month of May, a private TV channel reported. The prime minister had earlier this week ordered the ECC to review a proposal by the Oil and Gas Regulatory Authority (OGRA) […]