Finance Minister Chairs Meeting of Economic Coordination Committee (ECC) of the Cabinet

The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, met in Islamabad to review key economic and administrative matters.

The ECC examined the Circular Debt Management Plan for FY 2025–26 and instructed the Power Division, in collaboration with the Finance Division, to prepare a medium-term strategy to reduce fiscal support while ensuring DISCOs meet their performance targets.

Amendments to the vehicle import procedure were approved, retaining only the Transfer of Residence and Gift Schemes, introducing commercial-import safety and environmental standards, extending the import interval from two to three years, and restricting transferability of imported vehicles for one year.

The Committee also approved revised margins for OMCs and petroleum dealers on MS and HSD, linked to CPI adjustments and capped at 5–10%, with phased implementation tied to digitization progress.

Restrictions were placed on chloroform imports, allowing only pharmaceutical companies to import it with a DRAP-issued NOC due to its hazardous nature.

A request by M/s Ghani Glass for a concessionary gas/RLNG tariff was declined as such subsidies are no longer permissible and broader export-support measures are already in place.

The ECC approved a Technical Supplementary Grant of PKR 1.28 billion for the Pakistan Digital Authority to support digital transformation initiatives, and authorized additional releases for the Cabinet Division's development expenditures as well as Rs. 5 billion for the Housing and Works Division.

It further endorsed the establishment of a special-purpose company to wind up PASSCO and settle its liabilities. In-principle approval was also granted for releasing budgetary allocations to PIA Holding Company Ltd. for pension and medical expenses of PIACL employees.

The meeting was attended by key federal ministers, secretaries, and senior officials.

Видео Finance Minister Chairs Meeting of Economic Coordination Committee (ECC) of the Cabinet канала Ministry of Finance, Government of Pakistan