ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet canceled the 8th international tender for import of Wheat on the basis of higher prices.
The meeting of ECC was held under the chair of Federal Minister for Economic Affairs Omar Ayub Khan.
As per the details, Ministry of National Food Security & Research presented two summaries related to Award of Seventh International Wheat Tender 2021-22 opened on 25th October, 2021 and Award of Eight International Wheat Tender 2021-22 opened on 4th November, 2021.
The ECC after due deliberation recommended the proposal regarding scrapping of the 7th tender offered by the TCP and floating of fresh tender.
The committee also recommended the proposal for cancellation of the 8th international tender for import of Wheat on the basis of higher prices.
The committee further directed the Ministry of National Food Security & Research to re-assess the need and requirement of neighbouring country Afghanistan for Wheat.
The ECC deliberated in detail and approved the summary presented by the Ministry of National Health Services, Regulation & Coordination for grant of Custom duty and taxes exemption on the donations of Personal and Protective Equipment (PPE) testing laboratory equipment by USAID funded programme- Promoting Quality of Medicine Plus (PQM+).
The ECC also recommended the summary tabled by the Ministry of Communication for special allocation of funds Rs6,000 Million to initiate the process for the improvement and rehabilitation program of Balkassar – Mianwali (N-130) and Mianwali – Muzaffargarh (N-135) roads.
The committee also deliberated in detail and recommended funds for payment of salaries to the employees of Heavy Electrical Complex (HEC) and mark up to Bank of Khyber with directions to finalize the privatisation of HEC by mid-January, 2022.
The ECC recommended the summary presented by the Ministry of Commerce for elimination/reduction of tariffs on various items currently being imported from Afghanistan as a goodwill gesture.
The committee also discussed the summary tabled by the Ministry of Energy for revision of OMCs and dealers margins on petroleum products- Motor Spirit (MS) and High Speed Diesel (HSD) with effect from forthcoming revision in oil prices. The Sub Committee desired that the summary may be tabled in the next meeting after soliciting comments and views from all the members of the committee.
