ECC Sanctions Rs24 Billion for Security and Trade Initiatives

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved financial allocations exceeding Rs 24.174 billion for the Ministries of Defence and Interior, aimed at bolstering national security, maintaining law and order, and enhancing trade mechanisms with key regional partners.

The ECC meeting was held in Islamabad under the chairmanship of Finance Minister Muhammad Aurangzeb. During the session, the committee approved Rs 20 billion for the Ministry of Interior and Narcotics Control to strengthen law and order arrangements across the country and support related administrative measures.

Additionally, the committee sanctioned Rs 4 billion for the payment of cash compensation to residents whose land was acquired for the construction of the Defence Complex Islamabad.

This measure is intended to ensure smooth progress of the project and address the concerns of the affected population.

A further Rs 174.8 million was allocated to the Interior Division to reinforce law enforcement operations carried out by the headquarters of Frontier Corps Khyber Pakhtunkhwa, Peshawar. This funding is expected to enhance the operational capacity of security forces in the region.

In a related decision, the ECC approved a draft Statutory Regulatory Order (SRO) to amend the existing Business-to-Business (B2B) Barter Trade Mechanism.

The amendment aims to facilitate and regulate bilateral trade with Afghanistan, Iran, and Russia more effectively, contributing to the expansion of Pakistan’s regional trade links.

The ECC’s approvals underscore the government’s continued commitment to internal security, infrastructural development, and strengthening of trade frameworks, reflecting a strategic approach to national and regional economic stability.

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