The wheat import by the government of Pakistan from Russia is suspected to be 180,000 metric tons. The Economic Coordination Committee (ECC) approved the summary today. The import will be executed on the government to government (GTG) basis.
Earlier, the private sector has already imported 430,000 tons and it’s suspected that another 1.1 million tons of wheat import would be executed by the end of this year.
Dr. Abdul Hafeez Shaikh, the adviser to the PM on Finance and Revenue conducted the ECC meeting. According to resources, the government intends to import
The meeting of ECC was chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh. He approved the summary on the GTG basis and approved to waive off all the related taxes to import wheat.
The import doesn’t sound good for a country like Pakistan. As the country is (once) renowned for its agriculture. But lately, things have been changing drastically and the wheat production is reported to be declining.
However, with some measures, Pakistan might get her position back. Like the recent agreement to produce potato tubers using some modern technology.