ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) has approved export of 1.2 million tons of wheat. ECC has also banned on import of wheat byproducts.
Federal Minister for Finance Senator Ishaq Dar chaired the meeting and approved the export of 1.2 million tons of wheat out of the surplus stocks available in Punjab and Sindh.
Accordingly, Punjab will export 800,000 tons while Sindh has been allocated export quota of 400,000 tons of wheat. Punjab will get a subsidy of Rs55 per metric ton for export while for Sindh this subsidy would be Rs45 per metric ton.
Taking notice of unhindered import of wheat byproducts, the ECC also issued instructions for immediate ban on their import.
