The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, will convene today to review a crucial economic agenda. The meeting is expected to approve a government guarantee of Rs. 659.6 billion to support the power sector, introduce tariff reforms for nuclear power plants, and decide on new gas pricing plans for fertilizer manufacturers.
According to a notice from the Cabinet Division, the ECC will examine seven major proposals submitted by the Power, Petroleum, Finance, and Maritime Affairs divisions.
The Power Division has sought approval for the issuance of a sovereign guarantee to support the circular debt financing of Rs. 1.225 trillion, along with tariff reforms for six nuclear power plants—Chashma C-1 to C-4 and Karachi K-2 and K-3—aimed at reducing electricity costs.
The Petroleum Division’s summary includes a proposal for new gas allocations and revised pricing mechanisms from the Mari Field, a key supply source for the fertilizer industry.
The Finance Division will present a transition plan to phase out Home Remittance Incentive Schemes, while the Ministry of National Food Security will seek approval for reallocating funds for flood-affected communities and a standby contribution of 3,000 metric tons of wheat.
Another significant agenda item is the proposal to allow Pakistan International Bulk Terminal (PIBT) at Port Qasim to handle the export of copper, gold, and other minerals, opening new revenue opportunities through the country’s mineral resources.
