ECC approves import of 300,00 tons of wheat to overcome the shortage – Research Snipers

ECC approves import of 300,00 tons of wheat to overcome the shortage

In order to overcome the wheat shortage across Pakistan, the Economic Coordination Committee (ECC) has approved the import of 300,000 tons of wheat.

The decision to import wheat was taken during a meeting chaired by the advisor to PM on Finance Abdul Hafeez Shaikh in Islamabad on Monday.

Read Also: Poor wash facilities increase health risk in Islamabad

During today’s meeting, the ECC was informed that the first shipment of wheat is likely to arrive in Pakistan by the 15th of the next month (February). The Economic Coordination Committee (ECC) asked Punjab and PASSCO to release their stocks of wheat to overcome the wheat shortfall in the country.

According to the details, the wheat can be imported till March 31.

The people living across the country facing a hike in the prices of flour as the rates soared in Karachi, Lahore, Multan, Faisalabad, Peshawar, and other major cities of Pakistan, causing an uproar throughout the country.

The price of the wheat flour in Sindh’s capital Karachi has risen to Rs70 per kilogram.

It is pertinent to mention here that Prime of Pakistan Imran Khan on Saturday took notice of the situation and ordered to initiate a country-wide crackdown on hoarders and profiteers.

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