The Economic Coordination Committee (ECC) of the federal cabinet on Monday approved several export promotion measures for industries, including the launch of a new Long Term Export Growth Financing Facility (LTEGFF), and a performance-based Rebate on Incremental Exports.
Chaired by Finance Minister Muhammad Aurangzeb, the ECC considered and approved a summary submitted by the Finance Division for three dedicated Export Finance Subsidy Schemes aimed at boosting exports. These include enhancement in the EXIM-administered Export Finance Scheme (E-EFS), a new Long Term Export Growth Financing Facility (LTEGFF), and a performance-based Rebate on Incremental Exports.
The export package provides fixed low-rate financing, strengthens support for the export and import sectors, and places special emphasis on the inclusion of the SME sector. While approving the proposals, the ECC further directed that a six-month performance report be presented to assess the outcome of the schemes.
The ECC also considered a summary submitted by the Power Division and approved a Technical Supplementary Grant of Rs. 4 billion to meet the expenses relating to multiple international arbitration proceedings initiated by independent power plant (IPP) developers and major utility shareholders.
The ECC further approved another Power Division summary on the proposal for adjustment of pensioners of closed Generation Companies (GENCOs) to their respective pension-disbursing Distribution Companies (DISCOs) for payments of their retirement’s benefits.
The ECC also approved a summary submitted by the Petroleum Division regarding the declaration of the Pab reservoir in Rehman-8 ST-3 well as a Tight Gas Reservoir under the Tight Gas (Exploration & Production) Policy, 2011. Another Petroleum Division summary approved proposed tariff fixation for indigenous gas supplies made to RLNG-based power plants on the SNGPL network during April, May and June 2026.
The ECC considered and approved a summary submitted by the Ministry of Overseas Pakistanis and Human Resource Development reflecting the budget estimates of the Employees’ Old-Age Benefits Institution (EOBI) for FY 2025-26 and the revised budget estimates for FY 2024-25.