ECC takes up nine agenda items, clears wheat stock disposal, petroleum import plan

Mettis Link News reported that the Economic Coordination Committee (ECC) of the Cabinet cleared nine agenda items on August 24, 2026. Senator Muhammad Aurangzeb presided over the session at the Finance Division, and the approvals spanned several ministries and divisions. Among them was a decision on how PASSCO's imported wheat stock should be disposed of.

Under the approved plan, PASSCO's wheat will reach all recipient agencies, with supplies drawn 85% from local stock and 15% from imports, based on a recommendation from the company's board. The committee also cleared petroleum product imports for the account of overseas suppliers, routed through bonded storage at Customs facilities, a step aimed at energy security, indigenization and strategic reserves. Separately, it endorsed a Sale Purchase Agreement (SPA), which stems from an earlier inter-governmental pact with Oman, to promote energy cooperation between OQ Trading and PSO.

The committee also approved forming a panel to negotiate a settlement that would allow the Roosevelt Hotel to be redeveloped in coordination with the union. A GoP guarantee of $153.855mn (PKR equivalent) was cleared for PIAIL, following a term sheet struck with National Bank of Pakistan (NBP). Two technical supplementary grants were also cleared, Rs7,797.160mn for the Greater Karachi bulk water scheme (K-IV) and Rs567.032mn for Frontier Corps Balochistan (South) to support security at Reko Diq.