Advisor to PM on Finance Abdul Hafeez Sheikh approved approval recommending import of wheat to meet the soaring price of flour across the country.
ISLAMABAD: (Urdu Point/Pakistan Point News-Jan 20th, 2020) Amid increasing wheat crisis across the country, the Economic Coordination Committee approved a proposal seeking important of wheat without duty on a emergency basis here on Monday.
“Import of 0.3 million metric tons of wheat has been approved,” said the sources while quoting decision of the ECC. The government, according to the sources, approved proposal for import to save consumers from soaring wheat prices, even though sufficient stocks of the commodity are available.
“The move has been launched to maintain minimum stocks of wheat at 0.2 million tons as fear of a looming threat shortage and hoarding inform prices across the country,” he added. The sources said that Australia, Central Asian republics and other countries might be approached for import of wheat in the country.