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ISLAMABAD: Pakistan on Tuesday approved Rs50.9 billion ($180 million) for defense projects to improve national security. The funds were approved during a meeting of the Economic Coordination Committee (ECC) in Islamabad. Officials&nbsp; The committee approved Rs 100.3 million ($355,017) for the repair and maintenance of defense equipment used by the Federal Civil Armed Forces. This funding will ensure that equipment remains operational for law enforcement and security operations. An additional Rs 841.56 million ($2.98 million) was allocated to improve border security, internal security, and law and order. The funding will be used to strengthen border infrastructure and enhance security measures across the country. Special purpose vehicle for agricultural purposes&nbsp; The government will establish a Special Purpose Vehicle (SPV) with an initial capital of Rs1 million ($3,539) to oversee the winding down of the Pakistan Agricultural Storage and Services Corporation (PASSCO).&nbsp;&nbsp;The SPV will focus on modernizing procurement, streamlining supply chains, and improving efficiency in Pakistan&rsquo;s agricultural sector.&nbsp;Foreign investment in energy sector The government is introducing measures to attract foreign investment in off-shore oil and gas exploration. This includes extending exploration licenses and offering working interest assignments to foreign companies.&nbsp;&nbsp;The goal is to bring in expertise, technology, and capital to boost energy development.&nbsp;The committee also approved additional measures to increase foreign participation in Pakistan&#39;s petroleum sector.&nbsp;The approvals come at a time of heightened security concerns.

Security

The Pakistan government approved Rs50.9 billion ($180M) for defense projects to improve national security, including border and internal security enhancements. Additional funds were also allocated for the repair of defense equipment.

Pakistan allocates $180 million to bolster national security 

ISLAMABAD: The Economic Coordination Committee of the Cabinet on Friday approved the issuance of a Government of Pakistan guarantee worth 659 billion rupees for circular debt financing of 1.225 trillion rupees, the Press Information Department said in a statement issued on Nov. 7, 2025. The approval, granted during a meeting chaired by Pakistani Finance Minister Muhammad Aurangzeb, aims to settle the debt of Power Holding Limited and clear overdue payments to Independent Power Producers. The committee also authorized the Finance Division to issue a Letter of Comfort and directed the Power Division to present a timeline for the closure of Power Holding Limited once the debt is settled. The meeting also endorsed a framework for rationalizing tariffs and adjusting payments related to nuclear power plants, government-owned generation companies, Oil and Gas Development Company Limited and Sui Northern Gas Pipelines Limited. The framework, developed by the Prime Minister&rsquo;s Task Force on Power Sector Reforms, seeks to improve financial sustainability and reduce costs in the energy sector. In addition, the committee approved a proposal from the Petroleum Division to allocate and price gas from the Mari Field for fertilizer plants to maintain an adequate and affordable supply. It also allowed the Ministry of National Food Security and Research to reallocate funds to support ongoing agricultural research projects. A summary from the Ministry of Maritime Affairs regarding the use of Pakistan International Bulk Terminal at Port Qasim for exporting minerals and metals was deferred, with instructions for the ministry to revise the proposal in consultation with stakeholders. The meeting also reviewed a report on the &quot;Home Remittance Incentive Schemes&quot; to ensure continued stability in remittance inflows. The committee further approved a technical supplementary grant of &quot;960 million rupees for the payment of salaries to transferred staff of the Pakistan Public Works Department for the current quarter. The Capital Development Authority was asked to submit a report on its long-term plan for the employees by December,&quot; the statement added.&nbsp;

Pakistani Finance Minister Muhammad Aurangzeb at the Economic Coordination Committee of the Cabinet on Nov. 7, 2025. (Radio Pakistan)

Economy

The Economic Coordination Committee of the Cabinet on Friday approved the issuance of a Government of Pakistan guarantee worth 659 billion rupees for circular debt financing of 1.225 trillion rupees, the Press Information Department said in a statement issued on Nov. 7, 2025.

Articles tagged with "Economic Coordination Committee"

Pakistan allocates $180 million to bolster national security

ECC approves guarantee of Rs659b for circular debt financing