ECC directs TCP to float fresh tender for import of 300,000 MT wheat

July 7, 2022 (MLN):  The Economic Coordination Committee (ECC) of the Cabinet has directed TCP to float fresh tender for import of 300,000 MT of wheat.

The Ministry of National Food Security and Research submitted a summary on urgent advice relating to award of second international wheat tender 2022 opened on 1st July, 2022 for 500,000 MT. 

The ECC after discussion scrapped the tenders and directed TCP to float fresh tender for import of 300,000 MT of wheat.  Further, a committee has been formed on the directions of the Prime Minister comprising of Ministers of Commerce, National Food Security & Research and Finance to ascertain the actual wheat requirement for the country.

On a summary of Power Division, the ECC granted approval for issuance of GoP sovereign guarantee of Rs10 billion for construction of two units of 660 MW Super Coal Power Projects, Jamshoro, that is 90 % compete, in favour of local banks/financial Institutions under Syndicated Term Finance Facility (STFF) agreed with M/s Faysal Bank Limited.

Ministry of Economic Affairs submitted a summary on tax exemption from the payment of GST for Japan International Cooperation Agency (JICA).

In order to support the development activities carried out by JICA , the ECC allowed blanket exemption from the payment of GST by JICA in respect of goods purchased by JICA. This exemption shall also be available on procurement of services by JICA received in Islamabad Capital Territory under ICT ordinance, 2001.

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