ECC approves Rs358bn grants for defense, water projects

The Economic Coordination Committee approved supplementary grants of Rs358bn on November 4, including Rs275bn for water infrastructure and funds for defence projects. Mettis Global reported that the committee also cleared Rs1bn for village gasification near production fields during FY2026-27, alongside several other allocations.

The approvals covered Rs54bn for ongoing Defence Services projects, Rs1.094bn for a Lineage L-1000 aircraft and Rs29.139bn for Project Istaqlal. The committee also authorised continued gas supply to FatimaFert and Agritech, both SNGPL-based urea plants, through December 31, 2026, subject to energy availability. It revised tiers and bank rates for the Prime Minister’s Youth Business and Agriculture Loan Scheme, restricted imports of camera-enabled smart glasses and permitted conditional extensions or renewals of 89 petroleum rights.