ECC Approves CPL Levy Settlement, Relief Funds

Islamabad, August 27, 2025, 10:15 PM PKT — The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, has approved a decisive settlement framework to recover petroleum levy arrears from Cnergyico PK Limited (CPL), outstanding since 2019, authorizing the Petroleum Division to formalize the deed and demand full audited levy recovery, as per Wednesday’s meeting attended by Federal Ministers for Power, Petroleum, National Food Security, and Industries & Production, alongside senior officials. The ECC stressed strict compliance with agreed terms.

Beyond CPL, the ECC sanctioned a Technical Supplementary Grant of Rs3.813 billion for the Pakistan Television Corporation (PTVC) to address tariff adjustments and net metering, with quarterly disbursements for salaries, pensions, and operations, urging PTV to shift toward self-sustainability and reduce government reliance. The Committee endorsed a mechanism to pass levy benefits from captive power to grid consumers and approved tariff terms for the Machike-Thallian Tarrujabba White Oil Pipeline project with Azerbaijan, boosting bilateral trade and investment. Additionally, Rs3 billion was allocated for flood relief in Gilgit-Baltistan, funding tents, medicines, food, and infrastructure reconstruction, per Prime Minister Shehbaz Sharif’s directives post-visit. Web context on fiscal policies shows past delays, while posts found on X reflect relief mixed with skepticism—some praise aid, others question execution. Critically, the narrative of “economic stability” may mask implementation risks—web data hints at past inefficiencies, and X sentiment suggests distrust in effective delivery, pointing to potential challenges.