Dossier
Economic Coordination Committee (ECC)
Coverage of Economic Coordination Committee (ECC) in the Nexus archive.
Finance ministerperson1US Treasury Secretaryperson1IMForganization1Long-Term Export Growth Financing Facilitytopic1Exim Bank Export Finance Scheme (E-EFS)topic1State Bankorganization1subsidiestopic1Pakistan Armyorganization1Pakistan Agricultural Storage and Services Corporation (Passco)organization1International Labour Organisation (ILO)organization1Ministry of Defenceorganization1
- Here it comes
The government approved Rs255 billion in subsidies for exporters, potentially violating IMF program commitments that prohibit new fiscal incentives. Two schemes, the Long-Term Export Growth Financing Facility and the repackaged Exim Bank Export Finance Scheme (E-EFS), breach IMF restrictions on subsidies and guaranteed returns, despite claims of compliance with quantitative caps.
- Army to get local wheat
The Pakistani government approved supplying 175,000 tonnes of local wheat to the Pakistan Army starting from the 2026-27 crop, defined 'forced labour' in line with ILO 1930 standards, and allocated a Rs4.188bn severance package to Passco.