July 5, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has granted one-time special permission for the release of consignments stuck at the ports on or before 30th June 2022.
Ministry of Commerce submitted a summary to seek permission for the one-time release of those consignments of items banned on 19th May 2022 which have reached Pakistan or would reach their payments.
In order to resolve the hardship cases, the ECC granted one-time special permission for the release of consignments stuck at the ports due to contravention framed under SRO 598(I)/2022 dated 19th May 2022, only for those consignments which have landed at ports or airports in Pakistan on or before 30th June 2022.
Headed by Federal Minister for Finance and Revenue Mr Miftah Ismail, ECC approved the summary submitted by the Ministry of National Food Security and Research on urgent advice relating to the award of the second international wheat tender 2022 opened on 1st July 2022 for 500,000 MT.
The ECC considering the lower trend of wheat in the international market approved the lowest bid offer of M/s Cargill Int. PTE /Cargill Agro Foods Pakistan @ US$ 439.40/MT for 110,000 MT +/- 5% MOLSO to the extent of 500,000 MT.
Ministry of National Food Security & Research also submitted a summary on WPF operation- purchase/ reservation of 120,000 metric tons of wheat for Afghanistan in the year 2022-23. In view of the situation in Afghanistan and on humanitarian grounds, the ECC approved the request of the WFP for the purchase/ reservation of 120,000 MT of wheat from the imported wheat stock of PASSCO at the latest import price.
The amount of supplied wheat along with cost and incidentals would be charged in US dollars. The wheat will be locally grinded into wheat flour and will be supplied to Afghanistan by WFP, subject to relaxation of the ban on the export of flour to the extent of the instant proposal of 120,000 MT of wheat.
Ministry of National Food Security & Research presented another summary on the declaration of “National Disease Emergency” on account of the Emergence of Lumpy Skin disease in Pakistan.
The ECC after a detailed discussion directed the Ministry of National Food Security & Research to prepare a cost-sharing plan after convening a meeting with concerned provincial secretaries and NDMA.
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