ECC bans wheat export

July 17, 2019 (MLN): The Economic Coordination committee (ECC) has decided to impose a ban on export of wheat/wheat flour and also asked that a meeting of National Price Monitoring Committee may be convened to suggest measures to control the price hike trend of ‘Roti’ and other wheat products in the local market with the cooperation of the provincial governments.

Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, in Islamabad today where it was highlighted that the procured quantity of wheat during this year is 33% less than the procured quantities of wheat during the corresponding periods of last year.

The recent hike in prices of wheat and wheat flour is also a point of concern. 

A report on the wheat situation in the country was presented in the ECC by Ministry of National Food Security and Research. It was briefed during the meeting that adequate stocks of wheat are available in the country to cater for the needs of the population.