The Economic Coordination Committee (ECC) of the Cabinet approved a series of key financing and sectoral development measures during a meeting in Islamabad on Wednesday, November 4, 2026. The meeting, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, addressed 11 agenda items submitted by various ministries and divisions, according to a press release from the finance ministry.
The Committee approved three summaries from the Defence Division for separate Technical Supplementary Grants (TSGs). These include Rs. 54 billion for various ongoing Defence Services projects, Rs. 1.094 billion for the induction of a Lineage L-1000 aircraft, and Rs. 29.139 billion for Project Istaqlal. These approvals are intended to meet essential operational requirements and support national security priorities. Additionally, the ECC approved a TSG of Rs. 3.71 million for the Interior and Narcotics Control Division to meet helicopter maintenance requirements for the Frontier Corps Balochistan (North).
Significant allocations were made for the water sector, with the ECC approving a TSG of Rs. 275 billion for important water sector projects under the Ministry of Water Resources. This funding is intended to support the development of key water infrastructure and advance ongoing projects. The Committee also approved a TSG of Rs. 1 billion for the gasification of villages located within a five-kilometre radius of gas production fields during FY 2026-27 to improve access to natural gas in those communities.
Regarding youth and fiscal management, the ECC approved a proposed revision in the tiers and bank rate of the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYBALS) to expand access to affordable financing and promote employment. The Committee also approved the transfer of Rs. 15.625 billion in savings from austerity and fuel conservation measures to the Prime Minister’s Austerity Fund 2026.
The Committee also addressed energy and trade regulations. It approved the continuation of gas supply to the FatimaFert and Agritech SNGPL-based urea manufacturing plants until December 31, 2026, depending on energy availability. It also approved a relaxation in the Exploration and Production (E&P) Rules for the extension and renewal of 89 petroleum rights, provided prescribed conditions are met.






