ECC allows GIDC waiver, import of 300,000 tons of wheat till March 31

January 20, 2020 (MLN): The Economic Coordination Committee (ECC) of the cabinet, has given the approval for the import of 0.3 million tons of wheat to help overcome the demand-supply gap in a meeting, chaired by Adviser to the Prime Minister on Finance, Dr. Abdul Hafeez Shaikh.

The import of wheat would be allowed till March 31, 2020, said a statement issued by the Finance Ministry, adding that the first shipment of the imports is likely to arrive in the country by February 15.

The ECC has also directed the Punjab government and Pakistan Agricultural Storage and Services Corporation (PASCO) to release their extra stocks to overcome the shortage, it said.

The statement added that the government of Punjab and PASSCO were having  4.1 million tons of wheat stocks available with them.

The committee also approved the Gas Infrastructure Development Cess (GIDC) waiver of Rs400 per bag to ensure the supply of cheap fertilizer to the farmers.

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