ECC decides procurement of 8.25m tons wheat at Rs 1365 per kg

February 20, 2020: Adviser to the Prime Minister on Finance and Revenue chaired the meeting of the Economic Coordination Committee of the Cabinet here at the Cabinet Division.

On a summary moved by the Ministry of Energy, Power Division for “1263.2 MW RLNG based power generation Project near Trimmu Barrage by Punjab Thermal Power (PVT) Limited –Firm Gas take off” ECC allowed “GSA to be signed by SNGP on “As available” basis with Trimm.

The ECC approved the technical supplementary grant of Rs. 451.681 million for Naya Pakistan Housing and Development authority approved during CFY. Moreover, technical Supplementary Grant (TSG) of Rs 110 million approved in favour of Ministry of P& D for Afghan Projects.

The ECC approved TSG of 5.9 million for capacity building of teachers training institutes and training of elementary teachers in former FATA, GB, AJK, and ICT.

In a meeting, a ban on the export of Onion has been imposed till 30th May 2020.

Amendment in Import Policy Order 2016(SRO 237(1)/2019) was also approved (Halal logo from the country of origin to be cleared by customs till 30th April 2020.)

The nomenclature of export-oriented Industries clarified and Finance Division shall release subsidy within 14 days on the receipt of the claim by petroleum Division.

The ECC approved the import of controlled chemicals by commercial importers allowing acetone, anthracitic acid, ethyl ether, hydrochloric acid and sulphuric acid.

The meeting approved public sector procurement of 8.25 million tons of wheat Rs 1365 for the coming season. If the need arises, 0.5 million tons will be imported around the year to cater for any shortages.

The ECC allowed additional 100,000 tons of wheat allocated to KP, 50,000 additional to Sindh from PASSCO to cater for scarcity in the provinces before the next crop comes.

Further, the ECC approved Provision of Rs 636 .05 million as TSG to NDMA to cope with the Locust threat all over the country approved.

Press Release