TRADE & ECONOMY

The Economic Coordination Committee (ECC) on Tuesday approved several key decisions aimed at providing relief to electricity consumers and addressing urgent national needs.
The meeting, chaired by Federal Finance Minister Muhammad Aurangzeb, was attended by federal ministers Owais Leghari, Ali Pervez Malik and Rana Tanveer.
Among the major approvals, the ECC allowed the transfer of the captive power levy benefit to general electricity consumers, based on a proposal from the Power Division. This move is expected to provide some relief to households and businesses struggling with high electricity costs.
The ECC also approved the immediate release of Rs 3.81 billion out of Rs 11 billion for Pakistan Television (PTV). However, the committee directed PTV to gradually reduce its dependence on federal funds and move towards financial self-sufficiency.
In another important decision, the ECC approved a settlement framework for the collection of petroleum levy on behalf of C Energo and endorsed the tariff review of the Mashke-Thalyan-Turjeba White Oil Pipeline Project, a development that is expected to strengthen trade ties between Pakistan and Azerbaijan.
Recognizing the humanitarian crisis in Gilgit-Baltistan, the ECC also approved a relief package of Rs 3 billion for flood victims. The funds will be utilized for tents, medicines, food supplies and restoration of infrastructure in affected areas.
The ECC’s latest decisions reflect the government’s effort to balance economic management with public welfare and emergency relief.