The Economic Coordination Committee (ECC) of the Cabinet has approved a Rs. 100 billion Technical Supplementary Grant for the Prime Minister’s Austerity Fund to help stabilize petroleum prices and protect consumers from global price fluctuations.
The decision was taken during a meeting chaired by Finance Minister Senator Muhammad Aurangzeb. Under the plan, funds will be arranged through adjustments and savings within the Public Sector Development Program (PSDP), ensuring that ongoing projects are not significantly affected.
The allocation comes in response to recent developments in the Gulf region, which could impact fuel prices in Pakistan.
In a separate decision, the ECC also approved the procurement of up to 1 million metric tons of wheat under the Interim National Wheat Policy 2025–26. The wheat will be purchased through a transparent process involving the private sector to strengthen national reserves and maintain market stability.
Officials said the procurement strategy will remain flexible, allowing changes based on crop conditions, market trends, and storage capacity.
The meeting was attended virtually by federal ministers Jam Kamal Khan, Qaiser Ahmed Sheikh, and Rana Tanveer Hussain, along with senior officials from relevant ministries.
