The Economic Coordination Committee (ECC) has approved the establishment of an industrial estate on the land of Pakistan Steel Mills (PSM) and sanctioned Rs2.82 billion for upgrading Pakistan Television (PTV) Corporation’s English news channel.
Industrial Estate to boost jobs and investment
Chaired by Finance Minister Muhammad Aurangzeb, the ECC approved the Ministry of Industries and Production’s proposal to develop an industrial estate on PSM land. Officials say the project will enhance industrial activities, attract investment, and create new employment opportunities.
PTV English channel upgrade
The committee also approved Rs2.82 billion for PTV to modernise its English news channel. The ECC directed the state broadcaster to prepare a strategy to make the channel self-sufficient and financially sustainable in the long run.
Relief for leather industry
In a move aimed at boosting exports, the ECC abolished the requirement for a health quarantine certificate for importing and exporting leather products. The decision is expected to make Pakistan’s leather industry more competitive in global markets.
Support for climate change initiatives
A technical supplementary grant was also approved for the Ministry of Climate Change to facilitate Pakistan’s participation in the COP30 climate summit in Brazil.
The ECC stressed the need for timely and effective implementation of all its decisions to ensure maximum economic impact.
