ECC clears revised housing finance framework, approves second phase of EV policy

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a revised framework to expand housing finance outreach under the Prime Minister Apna Ghar (PM-APG) Programme and cleared the second phase of Pakistan Accelerated Vehicle Electrification (PAVE) Programme under NEV Policy 2025-30.

The ECC meeting was held at the Finance Division under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb.

According to a statement, the committee approved a summary submitted by the Ministry of Housing & Works to scale up the PM Apna Ghar Programme through institutional financing, public-private partnerships, inclusion of overseas Pakistanis and participation of non-banking financial institutions.

The committee also approved a proposal submitted by the Industries and Production Division regarding the rollout of the second phase of the PAVE Programme under the National Electric Vehicle Policy 2025-30.

The approved changes include improved verification processes, broader access, and strengthened third-party verification arrangements aimed at improving efficiency and increasing participation in the programme.

The ECC further approved a technical supplementary grant (TSG) of Rs100 million for the construction of Faiz Ahmad Faiz Complex in Narowal on a summary moved by the Federal Education and Professional Training Division.

Another TSG of Rs350 million was approved for Danish School Kuri, Islamabad, to support operational requirements and essential expenditures following the start of academic activities.

The committee also approved a TSG of Rs59.624 million for expenditures incurred on Independence Day and Marqa-e-Haq Celebrations 2025, based on a summary submitted by the National Heritage and Culture Division.

In addition, the ECC approved a TSG of Rs2.5 billion for Directorate General Immigration & Passports (IMPASS) during FY26 to meet operational expenses, including salaries, production consumables and outstanding liabilities.

The ECC also approved a summary submitted by Petroleum Division regarding allocation and supply of gas to National Steel Complex Limited (NSCL) for revival of its operations.

Under the decision, gas supply for process requirements and captive power generation will be allowed at applicable tariffs, subject to availability of gas. The committee also directed Petroleum Division to adopt a uniform policy regarding the relevant approval forum for such cases.