ECC approves minimum wheat support-price as Rs.1650 /40 kg

News Desk

1650 rupees per 40 kg minimum support-price for the wheat crop has been approved by the Economic Coordination Committee (ECC). Economic Coordination Commission also approved grinding ratio of wheat at the base level of 70:30.

According to media reports, the ECC has taken the decision in a meeting in Islamabad on Friday with Prime Minister’s Adviser on Finance, Dr. Abdul Hafeez Shaikh in the chair. ECC maintained the current release price at 1475 rupees per 40 kilogrames.

The Commisson further decided that ratio for the refined varieties of wheat flour will be decided by the Coordination Committee. It granted approval for aggregate release of 38,000 metric tons of wheat per day to the flour mills. This release will include 25,000 MT by Punjab, 8,000 MT by Sindh, 4,000 MT by Khyber Pakhtunkhwa and 1,000 MT by Balochistan.

Government of Punjab’s request of providing additional 0.7 MMT of wheat has been approved by the meeting, out of which 0.4 MMT of wheat will be imported by Trading Corporation of Pakistan for Punjab.

ECC also approved the technical supplementary grant for the settlement of outstanding dues of non-litigant retired employees of Pakistan Steel Mills amounting to 11.680 billion rupees.