Islamabad: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, convened at the Finance Division to approve critical measures aimed at promoting exports and addressing sectoral policy issues.

According to Press Information Department, the ECC sanctioned three Export Finance Subsidy Schemes designed to enhance export performance. These initiatives include an enhancement to the Export Finance Scheme (E-EFS) administered by EXIM, the launch of a Long Term Export Growth Financing Facility (LTEGFF), and a performance-based Rebate on Incremental Exports. The package offers low-rate financing, supports export and import sectors, and focuses on integrating the SME sector. The committee mandated a six-month performance review of these schemes.

The ECC also approved a Technical Supplementary Grant of Rs. 4 billion to cover expenses related to international arbitration proceedings involving independent power producers and utility shareholders, following a submission by the Power Division. Additionally, it sanctioned the adjustment of pensioners from closed Generation Companies to their respective Distribution Companies for retirement benefits.

Further decisions included declaring the Pab reservoir in Rehman-8 ST-3 well as a Tight Gas Reservoir and approving budget estimates for the Employees’ Old-Age Benefits Institution for FY 2025-26. The ECC also fixed tariffs for indigenous gas supplied to RLNG-based power plants on the SNGPL network for April to June 2026.

The meeting was attended by several federal ministers and senior officials from pertinent ministries and divisions, underscoring the government’s focus on addressing economic challenges through coordinated policy measures.