Islamabad, In a crucial meeting chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, the Economic Coordination Committee (ECC) of the Cabinet approved significant financial allocations and policy amendments to support various sectors, including aviation, steel production, and disaster recovery.

According to Ministry of Finance, the ECC’s meeting at the Finance Division was attended by key cabinet members and senior officials, where a range of financial matters were addressed. The committee authorized the use of $8 million from the National Bank of Pakistan for operational expenses of the Roosevelt Hotel, under the Ministry of Aviation’s proposal. Additionally, a substantial Rs. 2,159.53 million was released for the Pakistan Steel Mill to cover its gas bills, indicating a focused effort to stabilize key industrial operations.

The meeting also led to the approval of amendments in policy for equity investments abroad aimed at boosting IT exports, reflecting a strategic shift towards enhancing Pakistan’s digital economy. Furthermore, the ECC sanctioned Technical Supplementary Grants totaling millions, including Rs. 1,027.378 million to the Earthquake Reconstruction and Rehabilitation Authority for settling contractor liabilities and significant funds to the Ministry of National Health Services for immunization efforts.

Other notable allocations included Rs. 184.509 million to the Pakistan Nuclear Regulatory Authority and over $2.58 million for compensation related to the DASU Hydropower Project, highlighting the government’s commitment to addressing both immediate and strategic financial needs across various government sectors.