ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, is set to meet on Friday to decide a high-stakes economic agenda — including approval of a massive government guarantee worth Rs659.6 billion for power sector financing, tariff rationalisation for nuclear plants and a new gas pricing plan for fertilizer manufacturers.
According to the Cabinet Division’s notice, the ECC will review seven major proposals from the Power, Petroleum, Finance, and Maritime Affairs divisions.
The Power Division has sought approval for issuance of a sovereign guarantee for circular debt financing of Rs1.225 trillion, as well as a tariff rationalisation plan for six nuclear power plants — Chashma C-1 to C-4 and Karachi K-2 and K-3 — aimed at lowering the cost of electricity.
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The Petroleum Division’s summary proposes new allocation and pricing mechanisms for gas from the Mari Field, a key source for the fertilizer industry.
The Finance Division will present a transition plan to phase out home remittance incentive schemes, while the Ministry of National Food Security will seek approval to reallocate funds and endorse a standby wheat contribution of 3,000 metric tons for flood-affected populations.
Another key agenda item involves the utilization of the Pakistan International Bulk Terminal (PIBT) at Port Qasim for the export of copper-gold and other mineral commodities, potentially opening a new revenue stream from the country’s mineral wealth.
Copyright Business Recorder, 2025
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