Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired the Economic Coordination Committee (ECC) meeting, where significant decisions were made regarding public sector financing. The committee approved quarterly funding of Rs. 3.25 billion for Pakistan Television Corporation (PTVC) to cover its operational costs for the financial year 2026-27. Additionally, the Ministry of Communications received approval for sovereign guarantees worth Rs. 27.62 billion for the Sialkot (Sambrial) – Kharian Motorway project.

According to Press Information Department, the ECC’s approval for PTVC funding comes with a directive for the Ministry of Information and Broadcasting to present a comprehensive financial sustainability plan for PTVC within two months. This measure aims to ensure the corporation’s financial stability and operational efficiency.

The ECC also approved the issuance of sovereign guarantees for the Sialkot (Sambrial) – Kharian Motorway (M-12) Project, which will be developed on a Build-Operate-Transfer (BOT) basis. The move is expected to aid the concessionaire in achieving financial closure for the Public-Private Partnership (PPP) project, with the guarantees facilitating the updated financing structure.

The meeting was attended by key federal ministers and officials, including Federal Minister for Commerce Jam Kamal Khan, Federal Minister for Investment Qaiser Ahmed Sheikh, Federal Minister for Power Sardar Awais Ahmad Khan Leghari, Federal Minister for Petroleum Ali Pervaiz Malik, and Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, alongside federal secretaries and senior officials from relevant ministries and regulatory authorities.