ECC launches PM’s Fan Replacement program, approves Rs2 billion grant

ECC launches PM’s Fan Replacement program, approves Rs2 billion grant

August, 20 2025

(Web Desk): The Economic Coordination Committee (ECC) of the Cabinet convened on Tuesday and approved the launch of the Prime Minister’s Fan Replacement Program under the chairmanship of Finance Minister Senator Muhammad Aurangzeb.

A significant decision was the approval of a Technical Supplementary Grant (TSG) amounting to Rs2 billion in favor of the National Energy Efficiency and Conservation Authority (NEECA) to launch the Prime Minister’s Fan Replacement Program. This initiative aims to replace conventional fans with energy-efficient models, thereby reducing electricity consumption nationwide.

For RAAST QR Code-based person-to-merchant payments, a Rs3.5 billion subsidy was approved by the ECC. This subsidy is allocated to promote digital adoption and the digital economy. The subsidy is set to continue for three years and is allocated through TSG for the current financial year. The task of notifying the scheme immediately and submitting a comprehensive evaluation report on its operational effectiveness by the close of the fiscal year has been directed to the State Bank of Pakistan.

The New Energy Vehicle Policy 2025-30 was approved by the ECC. The policy aims for 30% of all new vehicles sold in Pakistan to be electric by 2030. Reduction in fuel consumption and carbon emissions is expected through this move.

Addressing agricultural concerns, a risk coverage scheme for small farmers and underserved areas was reviewed by the ECC. In various regions, including Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Azad Jammu & Kashmir, and Gilgit-Baltistan, the scheme will provide coverage to subsistence farmers. It aims to integrate more than 750,000 new borrowers into the formal credit system over the next three years.

Also Read: PM Youth Loan Scheme 2025: How to apply, eligibility and loan tiers details

The overall gas sector and supply situation in the country was assessed by the ECC. The Ministry of Petroleum was directed to implement effective measures to control losses and ensure operational efficiency.

The meeting was attended by Federal Minister for Petroleum Ali Pervaiz Maik, Special Assistant to the Prime Minister for Industries & Production Haroon Akhtar Khan, federal secretaries, and senior officials from relevant ministries and government departments.