ECC approves export of 0.5 million tons of wheat

ISLAMABAD: The Economic Coordination Committee of the cabinet has granted approval for export of 0.5 million tons of wheat by Pakistan Agricultural Storage and Services Corporation, Punjab and Sindh.
The meeting of Economic Coordination Committee of the Cabinet (ECC) was held in Islamabad on Monday with Finance Minister Asad Umar in the chair.

ECC discussed the proposal submitted by the Ministry of National Food Security & Research regarding export of surplus wheat/products as requested by Provincial Governments of Punjab and Sindh and PASSCO.

The Committee granted approval for export of 0.5 million tons of wheat by PASSCO and both provincial governments. It was decided that any financial support for freight etc. requested for the purpose will be provided by the respective provincial governments.

Federal Government will pick up such costs in the case of PASSCO only. Further, a committee comprising senior officials from Commerce, Finance and Food Security will review the situation in two weeks’ time and make recommendation for further exports, if required. – NNI

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