Overview
- The Economic Coordination Committee, chaired by Finance Minister Muhammad Aurangzeb, on Wednesday approved a Rs52 billion Technical Supplementary Grant for the Central Power Purchasing Agency‑Guarantee to be released as government equity in distribution companies and re‑appropriated Rs97.649 billion from K‑Electric to the Inter‑DISCO tariff differential subsidy.
- The committee extended the EVTL implementation agreement at Port Qasim after an independent pricing review by Ernst & Young found valuations, removed EVTL’s exclusivity, and the case will go to cabinet while the prime minister has ordered an inquiry into bureaucratic delays.
- The ECC approved an extension of sovereign guarantees for Sui Northern Gas Pipelines Limited’s Rs50 billion financing facility from Meezan Bank through June 30, 2027, ensuring bank funding backed by the state for the gas sector.
- The meeting also cleared a wide set of Technical Supplementary Grants for ministries and welfare, including Rs7 billion for Pakistan Railways, Rs4.2 billion for families of Shuhada personnel, Rs600 million for vessel monitoring for fishing boats, and payments to Pakistan Steel Mills staff.
- The decisions aim to plug immediate cash gaps in energy and transport services but raise fiscal risks for the government and leave key steps — cabinet ratification for EVTL and the outcome of the prime‑minister’s inquiry — as the next developments to watch.