Maps
Magazine

TRADE & ECONOMY

ECC Approves Rs2 Billion for Media Advertisement Dues
ECC approves Rs2bn for media ad dues, Rs250m for Jinnah Medical Complex, & Rs430m for Punjab’s SDG projects. SBP’s Rs330bn LTFF to be phased to Exim Bank.
ND
by News Desk
2025-03-21
ECC Approves Rs2 Billion for Media Advertisement Dues

The Economic Coordination Committee (ECC) on Friday approved a Rs2 billion grant for the Ministry of Information and Broadcasting to clear outstanding advertisement dues owed to media houses, according to a statement from the Finance Division.

Media Advertisement Dues Settlement

The ECC, chaired by Finance Minister Muhammad Aurangzeb, considered a Technical Supplementary Grant (TSG) from the Ministry of Information within its Rs5.6 billion budget.
📌 Objective: Settle pending payments to media houses.

The approval comes amid legal scrutiny after the Lahore High Court (LHC) recently sought explanations from federal and Punjab governments over the lack of an official advertisement policy despite Supreme Court orders.

Other Key Approvals

✅ Rs430 Million for Punjab’s SDG Projects

  • The ECC approved a Technical Supplementary Grant for Sustainable Development Goals Achievement Programme (SAP) schemes in Punjab.

✅ Rs250 Million for Jinnah Medical Complex

  • Funds allocated for Jinnah Medical Complex & Research Centre (JMC&RC) in Islamabad to establish a 1,000-bed academic medical facility.
  • ECC directed JMC&RC to submit a detailed expenditure breakdown before seeking further allocations.

✅ Rs330 Billion SBP’s LTFF Phased Out to Exim Bank

  • State Bank of Pakistan’s (SBP) long-term financing facility (LTFF) for export-oriented industries to be phased out and transferred to Exim Bank.
  • Rs1 billion TSG approved to subsidize the transition for FY 2025.

Recent ECC Decisions

Last month, the ECC approved Pakistan’s membership to the New Development Bank (NDB) of BRICS nations and ordered the transfer of power distribution companies (Discos) shares to the President of Pakistan, a long-pending reform demanded by international lending agencies.

The meeting was attended by senior government officials, including:

  • Energy Minister Sardar Awais Ahmad Khan Leghari
  • Petroleum Minister Ali Pervez Malik
  • Investment Minister Qaiser Ahmed Sheikh
  • Chairman SECP & federal secretaries
Tagged:

Pakistan

finance

SBP

ECC

MediaFunds

SDGs
Share News: