ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved Rs75 billion as a Technical Supplementary Grant for the implementation of Prime Minister Shehbaz Sharif’s fuel relief scheme for lower-income consumers.
The meeting, chaired by Finance Minister Muhammad Aurangzeb, approved the Petroleum Division’s proposal for targeted relief following the recent increase in petroleum prices.
Under the scheme, owners of two- and three-wheelers will receive Rs500 per week, equivalent to five litres of petrol at a subsidised rate of Rs100 per litre. Owners of cars with engines up to 800cc will receive Rs1,000 every 10 days, based on an allocation of 30 litres per month at the same subsidised rate.
The relief will be available only to non-commercial users and will be limited to one vehicle per user or owner.
The Ministry of Information Technology and Telecommunication will deploy and manage the Fuel Pass System to administer the scheme digitally and ensure transparent disbursement of the relief.
The ECC also approved the implementation framework for restructuring the ownership and management control of the Pakistan National Shipping Corporation, following recommendations of an implementation committee headed by the Minister for Privatisation.
It also cleared the draft upgrade agreement under the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, as amended in August 2026. The agreement sets out the framework for implementing and monitoring refinery upgradation projects and related incentives over a five-year period.
The committee approved an interim mechanism to settle financial claims of oil marketing companies, including compensation for unadjusted input sales tax claims for the period from July 2025 to June 2026 through the Inland Freight Equalisation Margin.
The ECC deferred a proposal concerning standards and regulatory requirements for commercial imports of used vehicles. It directed that recommendations from the committee reviewing the Engineering Development Board’s vehicle import inspection regime be obtained before the proposal is resubmitted.
It also approved the export of 200,000 metric tons of surplus sugar, subject to safeguards aimed at maintaining stability in domestic prices.
Separately, the ECC approved Rs3 billion as a Technical Supplementary Grant for the purchase of 15 bullet-proof sedan vehicles for security arrangements during the Shanghai Cooperation Organisation Council Summit, which Pakistan is scheduled to host in Islamabad in September 2027.
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