Islamabad: The Economic Coordination Committee of the Cabinet has approved a number of proposals, including Technical Supplementary Grants across ministries and divisions.

According to Radio Pakistan, the ECC, which met in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair, approved 100 million rupees for renovation and operationalization of the Cannabis Control and Regulatory Authority's facilities, and 311 million rupees to support the Prime Minister-approved incentive package for PAS and PSP officers posted in Balochistan.

The committee also allowed 372 million rupees to support digital transformation and implementation of AI-based systems of the National Accountability Bureau and thirty million rupees for grant of financial rewards to the Pakistan National Hockey Team for qualifying for the FIH Hockey World Cup after eight years.

Furthermore, the ECC discussed a summary regarding allocation of 5.985 billion rupees in favour of PIA Holding Company Limited for settlement of liabilities of Pakistan International Airlines Corporation Limited. Out of the total amount, the Committee approved funding for reimbursement of medical and pension payments as well as for salary disbursements.

The committee okayed amendments to the Import-Cum-Export Scheme of IPO, 2022 and Export Facilitation Scheme, 2021 to allow temporary import of used vehicles and auto parts for repair, refurbishment, and subsequent re-export under a pilot project, with directions for review after one year.

Besides, the ECC was briefed about recent trends in key economic indicators, particularly price movements of essential commodities and overall inflation dynamics. It was told that a number of essential commodities, including tomatoes, onions, wheat flour, garlic, and LPG have witnessed price reductions, while sugar has also shown a downward trend. At the same time, prices of items such as eggs, chicken, pulses, cooking oil, bread, and milk have recorded only marginal increases, indicating a broader easing in price pressures.