Advertisement

ECC Grants Rs19 Billion for PM Sharif’s Ramazan Package

Advertisement

The Economic Coordination Committee (ECC) recently approved the release of Rs19 billion for Prime Minister Shehbaz Sharif’s Ramazan package, a move aimed at ensuring timely distribution to vulnerable families. This announcement follows PM Shehbaz’s February 12th announcement of a proposed Rs38 billion relief package designed to aid over 12 million households—approximately 36 million people.

In its post on social media, the finance ministry highlighted that Finance Minister Muhammad Aurangzeb chaired an ECC meeting remotely. The ministry confirmed the approval for “immediate release” of the Rs19 billion to support the prime minister’s initiative. According to the finance ministry, “the remaining Rs25 billion will be released as needed in accordance with fiscal space and guidelines.”

The relief package, titled ‘Prime Minister Shehbaz Sharif’s Ramazan 2026’, is crafted to provide targeted cash assistance to low-income households during the holy month. Leveraging National Socio-Economic Registry data, this initiative ensures transparency and objective beneficiary selection. The funds will be disbursed through formal banking channels and digital platforms for a secure, efficient, and dignified delivery.

During the ECC meeting, there was also approval for “in-principle” allocation of Rs1 billion for operational expenses. The finance ministry directed that detailed cost breakdowns should be shared with the Finance Division to maintain transparency and adhere to financial regulations. Additionally, any unutilized funds will be returned in accordance with established procedures.

This approach underscores a balanced strategy between swift relief delivery and robust financial oversight, reinforcing accountability and efficiency in the execution of the Ramazan package.

Advertisement
News Desk

Recent Posts

SIMPACT 2026 Brings AI to the Forefront of Simulation Education

The Aga Khan University's (AKU) Centre for Innovation in Medical Education (CIME), Karachi, hosted SIMPACT…

1 hour ago

Meezan Bank Continues Blood Donation Drive in Partnership with The Indus Hospital

Meezan Bank, Pakistan's premier Islamic bank, once again partnered with The Indus Hospital & Health…

3 hours ago

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

3 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

3 weeks ago