Key Points
- Partial funding approved for Pakistan International Airlines’ liability obligations
- Import regulations amended to ban goods linked to forced labour practices
- Pilot framework cleared for vehicle and auto parts re-export after refurbishment
ISLAMABAD: Pakistan Cabinet’s Economic Coordination Committee on Monday approved a range of fiscal allocations, regulatory amendments and trade policy measures, according to a statement.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the meeting that reviewed macroeconomic indicators and received briefings on recent commodity market movements.
Officials also updated the Committee on coordination between federal and provincial administrations on economic management and monitoring systems.
A series of Technical Supplementary Grants were approved for various government institutions and programmes.
These included Rs. 100 million for the Cannabis Control and Regulatory Authority under the Cabinet Division to support operational needs, and Rs. 311 million for incentive payments for civil service officers posted in Balochistan.
Other approvals include Rs. 372 million for the National Accountability Bureau to support digital transformation and artificial intelligence-based systems, and Rs. 30 million for financial awards linked to Pakistan’s national hockey team qualification for an international tournament.
The committee also considered a financial proposal related to Pakistan International Airlines through its holding company.
It approved funding for selected liability components, including pension payments, medical reimbursements and salary disbursements.
The committee referred certain settlement issues involving the National Insurance Company for further review in line with audit procedures.
On trade and regulatory matters, the committee approved amendments to the Import Policy Order 2022 to prohibit the import of goods produced through forced labour, aligning domestic regulations with international labour standards.
It also cleared amendments to the Import-cum-Export Scheme and the Export Facilitation Scheme 2021, allowing a pilot arrangement for the temporary import of used vehicles and auto parts for repair, refurbishment and subsequent re-export.
The committee further approved the proposed export of donkey meat and hides from Gwadar, authorising the disposal of existing inventory in accordance with applicable regulatory frameworks.
A separate energy-sector proposal for agreements with ex-Water and Power Development Authority distribution companies was referred to the Cabinet Committee on State-Owned Enterprises for further consideration.
