Business
ECC flags food inflation, defers decision on used car imports
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday reviewed rising prices of essential food items and approved technical supplementary grants totalling Rs3.089 billion for multiple ministries, including allocations for holding local government elections in 2025-26.
The ECC meeting, chaired by Finance Minister Muhammad Aurangzeb, also postponed a decision on allowing the import of used vehicles under three schemes designated for overseas Pakistanis. Additionally, the committee endorsed tighter oversight of the existing framework governing the import and export of precious metals and jewellery.
At the outset, Ministry of Planning Chief Economist Dr Imtiaz Ahmad made a presentation on inflation trends and price movements in the country, including the findings and recommendations of the National Price Monitoring Committee (NPMC).
Dr Imtiaz said inflation remained subdued prior to the recent floods, but surged to 5.6 per cent in September, driven by extensive damage to agricultural land and livestock. The disruption in supply chains led to a sharp uptick in food inflation, with the Sensitive Price Index continuing its upward trajectory through October.
Approves Rs3.1bn in grants for elections, defence and security projects
Referencing Pakistan Bureau of Statistics (PBS) data, he noted that while prices of select essentials — such as chicken, rice, and LPG — registered a decline, key staples including sugar, beef, cooking oil, and ghee saw notable increases.
The chief economist outlined a series of policy interventions under discussion by the NPMC to curb inflationary pressures. These included a sensitivity analysis of global price trends, strengthened coordination between federal and provincial authorities to address supply shortfalls, and targeted agricultural credit for farmers in flood-affected regions. He added that the Competition Commission of Pakistan had been directed to investigate potential cartelisation in the edible oil and ghee markets.
He further informed the committee that preparations were underway for a Ramazan price stabilisation initiative, with provincial governments being urged to leverage the PBS Decision Support System for enhanced market surveillance and price control.
Mr Aurangzeb emphasised the importance of sustained monitoring, enhanced coordination among relevant agencies, and timely interventions to safeguard the purchasing power of the public and ensure overall price stability.
He directed all ministries and provincial authorities to ensure the effective implementation of the recommended measures for price stabilisation and inflation control.
Supplementary grants
The ECC approved measures to allow accredited and registered Pre-Shipment Inspection (PSI) agencies to conduct inspections in line with the framework under the Import Policy Order 2022. The committee deferred a summary of the commerce ministry regarding proposed amendments to the procedure for import of vehicles under the Personal Baggage, Transfer of Residence, and Gift Schemes.
After detailed deliberations on various aspects of the proposal, the committee directed the Commerce Division to undertake further consultations with relevant stakeholders and resubmit the proposal. The committee approved continuation of the existing framework with enhanced transparency and automation measures to improve efficiency and traceability on the import and export policy for precious metals and jewellery.
The ECC approved two proposals submitted by the Defence Division, including a technical supplementary grant of Rs2.5bn for the establishment of the Pakistan Maritime Science and Technology Park under the Pakistan Navy. It also endorsed another grant equivalent to AED 45 million — available in rupee cover — for the Frontier Works Organisation (FWO) to settle an overdraft facility incurred during its overseas construction activities in the United Arab Emirates.
The Election Commission of Pakistan (ECP) sought a Technical Supplementary Grant of Rs455.984 million from the ECC to cover expenses associated with the conduct of Local Government Elections in 2025-26.
The committee approved the request. In a similar decision, the ECC endorsed the Finance Division’s proposal for a TSG of Rs112.118m to facilitate the installation of individual electricity meters in the Pakistan Mint Residential Colony.
The ECC approved a summary from the Ministry of Interior and Narcotics Control seeking a TSG of Rs21.5m for the procurement of spare parts for helicopter maintenance by Headquarters Pakistan Rangers (Punjab) during the current fiscal year.
Published in Dawn, October 25th, 2025
Business
Pakistan Engineering Development Board gets new chief
ISLAMABAD: After a gap of nine months, the government has appointed Hamad Ali Mansoor as the new chief executive officer (CEO) of the Engineering Development Board (EDB).
Mr Mansoor’s appointment, in the MP-I scale, is for a three-year term. The position had been vacant since January, and the recruitment process was initiated through an advertisement issued on Nov 17, 2024.
According to the Ministry of Industries and Production, a total of 248 applications were received. Thirty-three eligible candidates were shortlisted and interviewed by the selection committee in February. The committee recommended a panel of three candidates in order of merit: Hamad Ali Mansoor, Akhtar Ahmad Bughio and Shakeel Zahid.
Established in 1995, the EDB functions under the Ministry of Industries and Production to promote, facilitate and regulate the engineering sector in Pakistan.
Mr Mansoor holds an undergraduate degree in mechanical engineering and an MBA from the Schulich School of Business, York University, Toronto. He has over three decades of experience in industrial policy, manufacturing and infrastructure development, with a focus on renewable energy and sustainable growth.
Published in Dawn, October 26th, 2025
Business
PPP reaffirms commitment to farmers
ISLAMABAD: The PPP has reiterated its commitment to supporting the farming community and vowed to continue its struggle to end all injustices faced by the farmers.
“PPP remains committed to respecting, empowering, and reviving the agricultural sector for a prosperous Pakistan,” said the party’s Central Information Secretary Shazia Marri. She quoted PPP Chairman Bilawal Bhutto-Zardari as saying that no economy can be strong if its farmers are weak.
“Chairman Bilawal Bhutto-Zardari believes that strengthening the farmer means strengthening Pakistan itself,” Ms Marri said in a statement issued on Saturday.
Ms Marri said that Bilawal Bhutto-Zardari’s vision was clear — the true measure of progress lies in the prosperity of farmers. She recalled that during the PPP government, Pakistan had moved from wheat shortage to becoming a wheat-exporting country, owing to farmer-friendly policies.
She said that the PPP chairman had always stood by the farmers, advocating for timely procurement and fair prices.
Highlighting the impact of climate change, the PPP leader said that it posed a serious threat to every Pakistani farmer. She added that Bilawal Bhutto-Zardari emphasised the need for investment in sustainable and climate-resilient agriculture, envisioning a modern agricultural economy where small farmers could progress through technology and access to fair markets.
She said the PPP believed that insurance, credit access, and transparent governance were essential to protect farmers from the adverse effects of climate change.
Ms Marri appreciated the government’s decision to allow wheat procurement, terming it a longstanding demand of the PPP. She added that approving the support price for wheat was also a PPP demand; however, she noted that fixing the price at Rs4,000 instead of Rs3,500 per 40kg would have been more beneficial for farmers. She further said that reducing the income tax from 45 per cent to 15pc was an important relief measure for the farming community.
Published in Dawn, October 26th, 2025
Business
Tehran seeks to boost maritime connectivity with Pakistan
ISLAMABAD: Pakistan and Iran have agreed to explore new avenues of cooperation in the blue economy by strengthening road, rail and maritime connectivity to facilitate regional trade and promote people-to-people contacts.
The understanding was reached during a meeting between Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Iran’s Minister for Roads and Urban Development, Farzaneh Sadegh. Both sides underlined the importance of regional connectivity for expanding trade, investment and transport links.
The ministers discussed initiatives to enhance maritime trade, develop port infrastructure and improve logistical routes connecting the two countries by sea, land and rail.
Ferry service proposed to facilitate pilgrims, promote religious tourism
Mr Chaudhry proposed launching a ferry service between Pakistan and Iran to provide an affordable and efficient transport option for traders and pilgrims. He said Pakistani authorities would welcome Iranian companies interested in operating such a service, noting that Iran’s lower fuel prices could help reduce fares.
He added that in 2025, about 60,000 to 70,000 Pakistani pilgrims travelled to Iran and Iraq by air, and a ferry service could significantly increase those numbers. The minister also said a centralised pilgrim management policy would be introduced next year, requiring all pilgrims to travel through registered tour operators to improve safety and coordination.
Mr Chaudhry noted that expanding religious tourism could bring economic benefits to both countries and called for cooperation to develop the necessary infrastructure.
The Iranian minister welcomed Pakistan’s proposals and said both countries’ ports could serve as gateways for regional commerce. She reaffirmed Iran’s commitment to enhancing port-to-port cooperation and exploring trade routes in the Arabian Sea and the Persian Gulf.
“The ports of both countries are key economic assets,” Ms Sadegh said. “By improving maritime and transport connectivity, we can open new opportunities for regional trade and economic cooperation.” Both sides reiterated their commitment to deepening collaboration in the maritime and transport sectors as part of broader efforts to promote the blue economy and strengthen bilateral relations.
Published in Dawn, October 26th, 2025
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