Economic Coordination Committee clears Rs380bn grants

The Economic Coordination Committee approved supplementary funding of about Rs380 billion on Wednesday, including Rs275bn for five water projects and roughly Rs84bn for the armed forces, Dawn reported. The water allocation covers Diamer-Bhasha and Mohmand dams, the K-IV supply scheme, Chashma Right Bank Canal and Kacchi Canal, with disbursements tied to Wapda’s project needs.

The ECC also extended gas supply to Fatima and Agritech fertiliser plants through Dec 31, conditional on availability. Other decisions included Rs1bn for village gas connections near producing fields in FY27, relaxation of rules covering 89 petroleum rights, and limits on importing camera-equipped smart glasses. The committee also approved Rs15.625bn for the Prime Minister’s Austerity Fund from savings generated through conservation measures.