Finance Minister’s directive to constitute a committee on proper use and storage of wheat
The Economic Coordination Committee has fixed the purchase price of wheat at Rs 3900 per maund. According to PTV News, the ECC meeting was held under the chairmanship of Finance Minister Ishaq Dar. In the meeting, the purchase price of wheat and the method of storage were reviewed. In the meeting, the Economic Coordination Committee has fixed the purchase price of wheat at 3 thousand 900 rupees per maund.The Finance Minister directed the Ministry of Food and Security to form a committee on proper use and storage of wheat. Similarly, ECC has also approved technical supplementary grant for Ministry of Inter-Provincial Co-ordination. The Ministry of National Food Security and Research presented a summary of the determination of PASCO’s wheat procurement targets for 2023 and details of public wheat stocks, release of wheat from PASCO’s stocks and carry on the start of the new food year. Forward stock details provided.Keeping in view the additional demand of wheat from Pasco stocks from Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan, the minimum level of carry-forward stocks and the prevailing price trend in the local wheat market, the ECC has informed the Ministry of National Food Security. And approved the recommendations of the research. Wheat procurement target 1.80 mmt, procurement price fixed at Rs 3,900 per maund kg.According to the news agency, a meeting of the Economic Coordination Committee (ECC) of the Cabinet was held on Wednesday under the chairmanship of Federal Minister of Finance and Revenue Senator Muhammad Ishaq Dar. Murtaza Mehmood, Federal Minister for Commerce Syed Naveed Qamar, Minister of State for Petroleum Mossadegh Malik, Shahid Khaqan Abbasi, Special Assistant for Finance Tariq Bajwa, Special Assistant for Revenue Tariq Mehmood Pasha, Special Assistant for Government Utilities Dr. Muhammad Jahanzeb Khan, Chairman SEC P, MD Pascoe, Federal Secretaries and other senior officers attended.The ECC considered the brief of the Ministry of Inter-Provincial Co-ordination and awarded the Technical Supplementary Grant. Approved one crore rupees for the treatment of former world squash champion John Sher Khan.