Tuesday July 05, 2022

ECC Okays Import of 500,000 Metric Tonnes of Wheat

ISLAMABAD: The Economic Coordination Committee has approved the second international wheat tender 2022 for the import of 500,000 metric tonnes of wheat.

The decision was taken during a meeting held in Islamabad on Tuesday with Finance Minister Miftah Ismail in the chair.

Regarding another summary on the declaration of National Disease Emergency on account of Emergence of Lumpy Skin disease in Pakistan, the ECC directed Ministry of National Food Security and Research to prepare a cost sharing plan after convening a meeting with concerned provincial secretaries and NDMA.

The ECC also granted one-time special permission for release of those consignments which have landed at ports or airports in Pakistan on or before 30th of last month.

In view of hardship case of timber importers as the consignments were supplied against contracts months ago and the shipments have already arrived, the ECC decided that date of implementation of IPO 2022 regarding import of timber and wood may be suspended till 31st of next month.

The ECC also approved another summary of Ministry of Commerce to amend Import policy Order 2022 to allow import of goods of Afghan origin against Pak Rupee.

The forum decided to continue subsidy on five essential commodities with direction to Ministry of Industries and Production to work out feasible proposal on subsidy programme keeping in mind the financial implications.

The ECC approved supplementary grant in favor of Economic Affairs Division amounting to 193.006 billion rupees for foreign loan repayments.

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