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ECC approves wheat import of 450000MT from Russia

by Pakistan Latest News Update

The Financial Coordination Committee has accorded approval to import of 450,000 metric tonnes of wheat from Russia.

The approval was granted at a gathering of Committee held in Islamabad on Monday, with Finance Minister Ishaq Dar within the chair.
This wheat shall be imported at a fee of 372 {dollars} per metric ton for provide at Gwadar from February to March subsequent yr.
The Committee additionally authorised import of 130,000 metric tonnes wheat on the similar fee from a UK primarily based firm to be equipped at Karachi port from 16th of this month until February subsequent yr.
The ECC determined that further value on inland transportation from Gwadar Port shall be borne by Pakistan Agricultural Storage & Companies Company Ltd to be recovered from provinces on the time of launch of wheat inventory.
The assembly additionally authorised proposal of Finance Ministry to vary the title of the revolving fund account for CPEC Unbiased Energy Producers from ‘Pakistan Vitality Revolving Fund’ to ‘Pakistan Vitality Revolving Account’.

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