Economic body clears trade and policy decisions
The Economic Coordination Committee (ECC) approved the export of donkey meat and hides from Gwadar Port to China during a meeting held on Monday. The committee endorsed the decision after reviewing a summary submitted by the Food Security Division, which proposed clearing existing inventory under standard export procedures.
Moreover, Finance Minister Muhammad Aurangzeb chaired the meeting, where officials briefed participants on key economic indicators. They highlighted recent trends in commodity prices and overall inflation patterns. According to the presentation, inflationary pressure has started to ease, with essential goods showing declining price trends.
At the same time, officials noted that price movements indicate gradual economic stabilisation following earlier volatility. Weekly monitoring data also suggested that, after a temporary rise, the pace of price increases has slowed across key items.
Grants approved alongside airline and trade reforms
In addition, the ECC approved multiple technical supplementary grants across various ministries and departments. These include Rs100 million for the Cannabis Control and Regulatory Authority to renovate facilities, and Rs311 million for the Balochistan government to support an incentive package for federal officials posted in provinces.
Furthermore, the committee allocated Rs372 million to the National Accountability Bureau for digital transformation and the implementation of AI-based systems. It also approved Rs30 million for the Ministry of Inter-Provincial Coordination to reward the national hockey team after its qualification for the World Cup.
Meanwhile, the ECC discussed Rs5.98 billion in funding for Pakistan International Airlines Holding Company to settle liabilities, including pension, medical, and salary payments. Additionally, it approved amendments to the import policy to align with International Labour Organisation conventions, introducing restrictions on goods produced through forced labour.
