The Economic Coordination Committee (ECC) of the Cabinet approved on Thursday a summary submitted by the Finance Division seeking a technical supplementary grant (TSG) of Rs100 billion for onward transfer to the Prime Minister’s Austerity Fund 2026.
The ECC met under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. According to an official statement, the ECC approved a summary submitted by the Finance Division seeking a Technical Supplementary Grant of Rs100 billion for onward transfer to the Prime Minister’s Austerity Fund 2026.
The ECC approved procurement of up to 1.0 million metric tons of wheat through a transparent and competitive process to be executed by the private sector, while directing that key elements including financial implications, pricing benchmarks, and operational modalities be further refined in consultation with the Finance Division before finalisation.
During the discussion, the ECC noted that the proposed allocation was being met through rationalisation and surrender of PSDP funds by various ministries and divisions, as coordinated by the Planning, Development and Special Initiatives Division in consultation with Principal Accounting Officers.
The ECC also considered a summary submitted by the Ministry of National Food Security and Research regarding procurement of wheat for federal strategic reserves under the Interim National Wheat Policy (INWP) 2025-26 through private sector participation.
The committee was apprised of the current supply and demand outlook, including production estimates, evolving weather conditions, and existing public and private stock positions.
