The Economic Coordination Committee (ECC) has approved several financial grants, including a Technical Supplementary Grant (TSG) of Rs2 billion from the Ministry of Information and Broadcasting’s allocated budget of Rs5.6 billion. This grant is intended to settle outstanding advertisement dues owed to media houses, as stated in an official announcement.
The decisions were finalized during an ECC meeting chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday. Alongside the media-related grant, the ECC approved a TSG of Rs430 million for the Ministry of Defence to implement SAP schemes in Punjab for the current fiscal year.
Additionally, the Committee sanctioned Rs250 million as government-paid-up capital for the Jinnah Medical Complex & Research Centre (JMC&RC) in Islamabad. This funding will support the establishment of a 1,000-bed academic medical center. However, the ECC directed JMC&RC to provide a detailed breakdown of expenditures and planned activities before seeking further allocations.
The ECC also reviewed a proposal from the Finance Division concerning the phased transition of the State Bank of Pakistan’s (SBP) long-term financing facility (LTFF) for Exim Bank. It was decided that SBP’s Rs330 billion LTFF portfolio would gradually shift to Exim Bank, with an initial Rs1 billion allocated through a TSG to cover the LTFF subsidy for the fiscal year 2025.
