ECC Notes Emerging Price Stability, Easing Inflationary Pressures on Essential Commodities

Описание: The Economic Coordination Committee (ECC) met at the Finance Division under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. At the outset, the Committee was briefed on recent economic trends, particularly inflation and prices of essential commodities, and was informed that coordinated efforts by federal, provincial and district administrations had helped stabilize markets. The ECC noted a declining trend in SPI, reduced prices of tomatoes, onions, wheat flour, garlic, LPG and sugar, only marginal increases in eggs, chicken, pulses, cooking oil, bread and milk, and improving market sentiment due to strengthened monitoring mechanisms. It approved Technical Supplementary Grants including Rs100 million for the Cannabis Control & Regulatory Authority (CCRA) under the Cabinet Division, Rs311 million for the Government of Balochistan under the Finance Division for PAS/PSP officer incentives, Rs372 million for the National Accountability Bureau (NAB) under the Ministry of Law and Justice for digital transformation and AI systems, and Rs30 million for rewards to the Pakistan National Hockey Team for qualifying for the FIH Hockey World Cup. The ECC also approved part of Rs5.985 billion for PIA Holding Company Limited (PIAHCL) to settle liabilities of Pakistan International Airlines Corporation Limited (PIACL) covering pensions, medical and salaries, while referring NICL payment adjustment to the relevant revenue authority; approved amendments to Import Policy Order 2022 to prohibit imports produced through forced labour in line with International Labour Organization (ILO) commitments; approved amendments to IPO 2022 and EFS 2021 allowing temporary import of used vehicles and auto parts for repair, refurbishment and re-export under a one-year pilot project; approved disposal and export of existing donkey meat and hides inventory from Gwadar Donkey Slaughter House; and referred the Power Division summary on the PSO Agreement with XWDISCOs to the Cabinet Committee on State-Owned Enterprises (CCoSOEs).