ECC to take up key economic issues at crucial meeting tomorrow

The Economic Coordination Committee (ECC) of the Cabinet is scheduled to meet tomorrow (Friday) under the chairmanship of Finance Minister Muhammad Aurangzeb to deliberate on a seven-point agenda focusing on critical financial and energy-sector matters.

According to official sources, the meeting will take up a summary from the Power Division aimed at reducing the circular debt in the power sector. The committee is expected to consider the issuance of a government guarantee worth Rs 659.65 billion to facilitate circular debt financing, with an overall financing package estimated at Rs 1,225 billion.

The ECC will also review a summary proposing a reduction in tariffs for nuclear power plants, a move intended to lower generation costs and provide relief to consumers.

Another key agenda item concerns the supply and pricing of gas from the Mari Gas Field to fertiliser plants, a step aimed at ensuring steady fertiliser production ahead of the upcoming cropping season.

Additionally, the committee will examine a proposal for utilising an international bulk terminal to facilitate the export of gold, copper, and other precious minerals, potentially boosting the country’s mineral export capacity.

In a humanitarian measure, the ECC will also discuss a summary regarding a standby arrangement of 3,000 tons of wheat for flood victims, ensuring emergency food supplies in disaster-affected areas.

The outcomes of tomorrow’s meeting are expected to have a significant impact on Pakistan’s energy, export, and food security sectors as the government moves to stabilise the economy.