ECC approves export of 500,000 tonnes of wheat

ECC approves export of 500,000 tonnes of wheat

Islamabad (Staff Report): The Economic Coordination Committee (ECC) on Tuesday approved export of 500,000 tonnes of wheat.

The ECC meeting chaired by Finance Minister Asad Umar also decided that Sindh, Punjab and Pakistan Agricultural Storage and Services Corporation (PASSCO) will export the surplus wheat and the concerned provincial governments will incur the subsidy on export.

According to sources, certain matters such as extraction of gas reserves from Dhok Haseen Field and the issues arising from the construction of a LNG terminal in Karachi could not be discussed during the meeting as it was cut short as Asad Umar had to depart for a foreign trip.

The decision to grant approval for a gas load management programme for domestic and industrial users was also delayed, the sources added.