The Economic Coordination Committee (ECC) is set to convene an important session tomorrow, with the Circular Debt Management Plan for FY 2025–26 topping a comprehensive 11-point agenda. The high-stakes meeting is expected to produce several major decisions impacting Pakistan’s energy, petroleum, digital governance, and trade sectors.
Circular Debt, Iran Power Agreement Among Top Priorities:
At the heart of tomorrow’s meeting is the long-awaited Circular Debt Management Plan, a critical policy framework aimed at stabilizing Pakistan’s power sector amid rising financial stress.
The ECC will also review a significant summary on the electricity purchase agreement with Iran, an arrangement that is vital for addressing power needs in Pakistan’s border regions.
OMC and Dealer Margin Increase Under Consideration:
The Petroleum Division is set to present proposals seeking a possible increase in margins for Oil Marketing Companies (OMCs) and petroleum dealers. Any adjustment to margins could have broad implications for fuel pricing and sector sustainability.
Rs 1.28 Billion Grant for Pakistan Digital Authority Likely to Be Approved:
In a move to strengthen digital governance, the ECC is expected to approve a technical supplementary grant of Rs 1.28 billion for the Pakistan Digital Authority, a step aimed at improving federal-level digital transformation initiatives.
Commerce Division Summaries: Court Ruling, Import Ban, and Gift Scheme Revisions:
Several key proposals from the Commerce Division are on the agenda, including:
• Implementation of the Lahore High Court decision
• A proposed ban on the import of chloroform
• Amendments to the vehicle import procedure under the Gift Scheme
• Additional trade-related summaries for review
These discussions could reshape regulations in Pakistan’s import and trade environment.
Housing Subsidy, Development Funds & PASCO Dissolution Also on the Table:
The committee will also consider:
• Approval of a Rs 5 billion technical supplementary grant for housing sector subsidies
• Matters related to the release or surrender of development funds under the Cabinet Division
• A summary regarding the dissolution of PASCO and the formation of a special-purpose vehicle for the Wheat Stock Management Company
These decisions could shape public-sector financing and agricultural supply chain governance.
ECC to Review Budgetary Support for PIA Holding Company:
Adding to the extensive agenda, the ECC will deliberate on budgetary release matters for the PIA Holding Company, as the government continues efforts to restructure and stabilize national aviation governance.
Major Policy Decisions Expected:
With a diverse and consequential agenda, from energy sector reforms to trade regulations and digital investments, tomorrow’s ECC meeting is poised to deliver significant economic policy decisions that could influence Pakistan’s fiscal landscape in the months ahead.