Save Our Pak
The Economic Coordination Committee (ECC) has approved a new system for importing vehicles.
According to ARY News, Finance Minister Muhammad Aurangzeb chaired the ECC meeting, where the committee also reviewed the Circular Debt Management Plan for 2025–26.
During the meeting, the ECC emphasized improving the financial stability and performance of the power sector. The Power Division was instructed to prepare a mid-term plan to gradually reduce the need for financial support.
The committee also approved major changes to the vehicle import policy. The import gap has now been increased from 2 years to 3 years. Imported cars will also remain non-transferable for one year, and all imported vehicles must meet commercial safety and environmental standards.
The ECC additionally approved an increase in margins for petroleum products. Margins for OMCs and petrol pump dealers have been raised by 5% to 10%. Half of this increase will take effect immediately, while the remaining half will depend on digitalization.
Moreover, the Housing and Works Division has been granted an additional 5 billion rupees in funds. The ECC has also given initial approval for pension and medical-related funds for the PIA Holding Company.
Reported by Save Our Pak
