The Economic Coordination Committee (ECC) on Tuesday approved key amendments to Pakistan’s vehicle import rules, revised oil marketing company and dealer margins, and considered measures on energy, trade, and administrative reforms, the Finance Division reported.
Chaired by Finance Minister Senator Muhammad Aurangzeb, the meeting reviewed the Circular Debt Management Plan for FY26. The ECC directed the Power Division to prepare a medium-term roadmap to gradually reduce fiscal support to the power sector and enhance follow-up mechanisms with DISCOs to meet performance targets.
On a Commerce Ministry summary, the ECC retained only Transfer of Residence and Gift Schemes under the vehicle import framework. Imported vehicles under these schemes will now meet commercial import safety and environmental standards, have an extended eligibility period from two to three years, and remain non-transferable for one year.
The Committee approved adjusting OMC and dealer margins on MS and HSD based on national CPI movements, capped at 5–10%, with half paid immediately and the remainder linked to digitization milestones. It also restricted chloroform imports to pharmaceutical companies with DRAP-issued NOCs and rejected Ghani Glass’s request for subsidized gas/RLNG tariffs.
Additionally, the ECC approved Rs1.28 billion for the Pakistan Digital Authority, released development funds for Cabinet Division, allocated Rs5 billion to Housing and Works Division, and green-lighted a special-purpose company to dissolve PASSCO.
Senior ministers and officials from Petroleum, Power, Investment, and other divisions attended the session.
