Web Desk — December 9, 2025
The Economic Coordination Committee, chaired by Finance Minister Muhammad Aurangzeb, on Monday approved several key proposals, including a revised vehicle import policy and an increase in margins for oil marketing companies and petrol pump dealers.
Under the new import mechanism, only Transfer of Residence and Gift Schemes will remain valid. The mandatory gap between imports has been extended from two to three years, and imported vehicles cannot be transferred for one year after clearance. All incoming cars will now have to meet commercial safety and environmental standards.
The committee also approved a 5-10 percent hike in OMC and dealer margins on petroleum products. Half of the increase will take effect immediately, while the rest is linked to the completion of digitisation targets. The Petroleum Division has been asked to submit a progress report by June 1, 2026.
The ECC reviewed the Circular Debt Management Plan 2025-26 and instructed the Power Division to develop a medium-term strategy to gradually reduce budgetary support. A monitoring system for distribution companies was also approved to improve financial discipline.
Other decisions included banning chloroform imports, allowing trichloroethylene imports only for pharmaceutical firms with DRAP clearance, and rejecting a concessional gas tariff request from Ghani Glass.
The committee released Rs1.28 billion for the Pakistan Digital Authority, Rs5 billion in additional funds for the Housing and Works Division, and gave in-principle approval for pension and medical funding for the PIA Holding Company. A special-purpose company will be set up to wind down PASSCO’s assets and liabilities, and amendments to the barter trade mechanism were also cleared.
