The Financial Coordination Committee (ECC) of the Cupboard met on the Finance Division on Friday beneath the chairmanship of Federal Minister for Finance and Income, Muhammad Aurangzeb.
The ECC thought of a proposal submitted by the Ministry of Vitality (Energy Division) relating to a complete reform package deal geared toward lowering electrical energy technology prices, addressing legacy fee obligations, and easing pressures arising from round debt within the energy sector. It accepted the reform package deal and associated monetary measures, noting that the initiative is anticipated to enhance the sustainability of the facility sector, scale back tariff pressures on customers, and help broader sectoral reforms.
The committee was knowledgeable that the proposed measures are the end result of negotiations with a number of energy producers and are meant to rationalize tariff buildings, streamline fee preparations, and resolve excellent monetary liabilities by means of mutually agreed settlements.
The ECC accepted a abstract from the Petroleum Division searching for a TSG of Rs. 3 billion for fuel provide schemes in villages situated inside a five-kilometer radius of fuel manufacturing fields. The schemes might be applied by means of Sui Southern Gasoline Firm Restricted (SSGCL) and Sui Northern Gasoline Pipelines Restricted (SNGPL).
The ECC additionally accepted a abstract submitted by the Petroleum Division searching for a Technical Supplementary Grant (TSG) of Rs. 13.1 million to fulfill Pakistan’s annual contribution to the Worldwide Vitality Discussion board (IEF). The committee was knowledgeable that continued membership within the IEF stays necessary for Pakistan’s participation in world power dialogue and cooperation.
The committee additional accepted a abstract submitted by the Ministry of Federal Schooling and Skilled Coaching for a TSG of Rs. 200 million throughout FY 2025–26 to facilitate fee of excellent dues to lecturers of Fundamental Schooling Group Faculties (BECS). The monetary legal responsibility arises from court docket directives relating to fee of wage differentials in accordance with notified minimal wages for the interval from August 2017 to June 2021.
The ECC additionally thought of one other abstract from the identical ministry searching for exemption from relending phrases for a further $4 million allotted to the Increased Schooling Fee (HEC) beneath the restructured Increased Schooling Growth in Pakistan Venture (HEDP). The committee was knowledgeable that the World Financial institution had reallocated these funds to the Funding Venture Financing/Technical Help element, thereby rising HEC’s share past the beforehand exempted $77 million.
The ECC additional accepted a abstract submitted by the Nationwide Catastrophe Administration Authority (NDMA) searching for a TSG of Rs. 3.63 billion to reimburse expenditures incurred through the Monsoon Response 2025 operations and abroad humanitarian help.
As well as, the committee accepted a abstract submitted by the Energy Division searching for a TSG of Rs. 1.3 billion for the implementation of Sustainable Growth Objectives Achievement Program (SAP) schemes throughout FY 2025–26.
Individually, the committee thought of a abstract submitted by the Ministry of Info and Broadcasting searching for a TSG of Rs. 2.231 billion to clear excellent liabilities associated to federal public data and consciousness campaigns. The ECC accepted the grant to the extent of Rs. 1.47 billion and directed the ministry to current the remaining requirement within the subsequent quarter.
The assembly was attended by Federal Minister for Petroleum Ali Pervaiz Malik, Federal Minister for Commerce Jam Kamal Khan, Federal Minister for Planning, Growth and Particular Initiatives Ahsan Iqbal, Federal Minister for Funding Qaiser Ahmed Sheikh (nearly), Particular Assistant to the Prime Minister on Industries and Manufacturing Haroon Akhtar Khan, together with federal secretaries and senior officers from the related ministries, divisions, and regulatory our bodies.