The Economic Coordination Committee (ECC) on Monday approved the export of donkey meat and hides from Gwadar Port to China.<\/p>\n\n\n\n
The ECC gave its approval after taking up a summary submitted by the Food Security Division. It approved a proposal for the disposal of existing inventory in accordance with export protocols.<\/p>\n\n\n\n
Finance Minister Muhammad Aurangzeb chaired the meeting. The chief economist briefed the participants on recent trends in key economic indicators, particularly price movements of essential commodities and overall inflation dynamics.<\/p>\n\n\n\n
The meeting noted with satisfaction that \u201cinflationary pressures are easing\u201d, with prices of essential commodities declining and overall trends pointing towards \u201ca gradual stabilization\u201d after recent volatility.<\/p>\n\n\n\n
The presentation noted that inflationary pressures were showing \u201csigns of moderation\u201d, with emerging trends pointing toward \u201cimproved price stability\u201d.<\/p>\n\n\n\n
Weekly monitoring data reflect that, after a temporary uptick, the pace of increase in prices of essential items has slowed.<\/p>\n\n\n\n
Technical supplementary grants<\/strong><\/p>\n\n\n\n The ECC approved a number of proposals, including technical supplementary grants (TSGs) across ministries and divisions. These included Rs100 million to the Cannabis Control & Regulatory Authority (CCRA) for renovation of its facilities, Rs311m to the Balochistan government under the Finance Division to support an incentive package for federal government officials posted in provinces; Rs372m to the National Accountability Bureau (NAB) to support digital transformation and implementation of AI-based systems; and Rs30m to the Ministry of Inter- Provincial Coordination for grant of financial rewards to the national hockey team, which recently qualified for the World Cup.<\/p>\n\n\n\n PIA\u2019s liabilities<\/strong><\/p>\n\n\n\n The ECC discussed a summary submitted by the defence ministry regarding the allocation of Rs5.98 billion in favour of PIA Holding Company for the settlement of liabilities of Pakistan International Airlines Corporation.<\/p>\n\n\n\n Out of the total amount, the ECC approved funding for reimbursement of medical and pension payments, as well as for salary disbursements.<\/p>\n\n\n\n The ECC approved a summary submitted by the Commerce Division for amendments to the Import Policy Order in line with Pakistan\u2019s commitments under the International Labour Organization conventions to introduce a prohibitory clause on the import of goods produced through forced labour.<\/p>\n\n\n\n