Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination Committee (ECC) in Islamabd today. On the recommendation of the Ministry of National Food Security and Research, the ECC approved the tender for procurement of 120,000 MT of wheat in compliance with the directive of the Cabinet to procure 04 million metric ton of wheat to build strategic reserves during the current financial year.
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The ECC urged the Chairman, TCP to expedite efforts for importing wheat to stabilize local prices and to ensure smooth supply of wheat across the country.
The Committee also directed Chairman, TCP to present a detailed report to Adviser on Commerce regarding timeline of wheat import and other requisite details at the earliest.