Tag: ECC

Ministry seeks ECC nod for new OMCs, dealers’ digitisation

Admin
PETROLEUM

KARACHI: The Petroleum ministry is set to send a summary to the Economic Coordination Committee (ECC), in near future, for imposition of additional fees for oil marketing companies (OMCs) and dealers to digitize supply chain and petrol pumps in a bid to curb fuel smuggling. While talking to the media during his visit to the Sui Southern Gas Company Limited (SSGC) on Friday, Federal Minister for Petroleum Ali Pervaiz Malik said that the additional fee will be added to the price of petroleum products. However, he claimed that the imposition…

Read More

Power Division to Resubmit Net-Metering Amendments Proposal to ECC Amid Rising Financial Concerns

Admin
Net-Metering

ISLAMABAD: The Power Division is preparing to resubmit its controversial proposal to amend Pakistan’s net-metering regulations to the Economic Coordination Committee (ECC), following a green light from the Cabinet Division. According to official correspondence, while the ECC had approved the proposed changes in its March 13, 2025 meeting, the Federal Cabinet deferred ratification and directed broader stakeholder consultation due to strong public and parliamentary backlash. Now, with shifting circumstances, the Cabinet Division has advised resubmission of the summary for ECC reconsideration. The proposed amendments seek to cap net-metering contract validity…

Read More

ECC Approves Winter-Based Power Tariff Re-Basing Amid Regulatory Concerns

Admin
Power-sector

Islamabad – The Economic Coordination Committee (ECC) of the cabinet has endorsed a proposal to shift the annual electricity tariff re-basing timeline from July 1 to January 1, aiming to alleviate consumer burden during high-consumption summer months. The power division’s proposal seeks to stagger the cumulative impact of quarterly tariff adjustments (QTAs), fuel cost adjustments (FCAs), and annual tariff revisions into low-consumption winter months. However, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar cautioned that implementing the proposal by January 2025 would be impractical due to legal and regulatory…

Read More

ECC Approves New EPZ in Balochistan, Key Economic Measures Worth Rs48 Billion

Admin
New-ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, led by Finance Minister Muhammad Aurangzeb, has approved the establishment of a new Export Processing Zone (EPZ) in Balochistan’s Chagai district, with 80% Chinese ownership. The Siah Dik Copper Project, spanning 4,208 acres near Saindak, will be operated by KoheSultan Mining Company Limited, with China Metallurgical Group Corporation holding the majority stake and Siakoh Mineral Development Corporation owning 20%. Despite prior reservations from the International Monetary Fund (IMF) regarding new EPZs, officials confirmed that zones approved within the past two years,…

Read More

ECC Approves Discounted Winter Power Package to Boost Consumption

Admin
Power Users to Receive Refund

ISLAMABAD: The Economic Coordination Committee (ECC) has approved a subsidy-neutral initiative offering discounted electricity rates for incremental consumption during the winter months (December to February). The package, targeting residential, commercial, and industrial consumers, aims to boost electricity demand amid high tariffs and economic challenges. The initiative is expected to increase consumption by up to 16%, aligning with International Monetary Fund (IMF) requirements. The meeting, chaired by Finance Minister Muhammad Aurangzeb, also approved transferring Rs3.14 billion from the former Emergency Relief Cell (ERC) to the National Disaster Management Authority (NDMA) for…

Read More