The ECC Approves Major Defense, Energy, and Economic Reforms during a high-level meeting chaired by Federal Finance Minister Muhammad Aurangzeb on Tuesday. The session delivered a series of powerful decisions that directly impact Pakistan’s defense readiness, energy operations, and economic restructuring. Trending search terms such as ECC meeting Pakistan, defense budget Pakistan, energy reforms, and petroleum sector Pakistan align closely with these new approvals.
The ECC approved Rs 103 million for the repair and maintenance of defense equipment used by the Federal Civil Armed Forces. This investment strengthens operational capability and supports ongoing security demands.
The committee also sanctioned Rs 841.56 million for border management, internal security operations, and law and order improvements. These funds respond to rising national security requirements and align with Pakistan’s broader security stabilization strategy.
One of the most significant steps involved a technical supplementary grant of Rs 50 billion. This grant supports multiple ongoing defense services projects that required fresh financial reinforcement. The move keeps essential defense initiatives on track and maintains critical capability upgrades.
ECC Dissolves PASSCO and Creates New Grain Management SPV
In a landmark structural reform, the ECC approved the dissolution of PASSCO. It also cleared the creation of a new special purpose vehicle with an initial paid up capital of Rs 1 million. This SPV will modernize grain procurement and storage, streamline supply chain management, and improve efficiency across Pakistan’s agriculture-related operations.
Petroleum Sector Receives Key Approvals
The ECC also endorsed several petroleum sector proposals. It extended license periods for offshore oil and gas exploration blocks and approved the transfer of working interest among stakeholders. These decisions encourage investor confidence, ensure continuity in exploration, and support long term energy sustainability.
The committee further approved measures that increase foreign companies’ participation in Pakistan’s petroleum sector. This step aims to attract global investment and upgrade exploration and production practices through international expertise and technology.
High Level Attendance and National Impact
Petroleum Minister Ali Pervaiz Malik, Planning Minister Ahsan Iqbal, and senior officials from major ministries attended the meeting. The approved reforms strengthen national security, enhance energy sector performance, and improve administrative efficiency across several government operations.