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The Financial Coordination Committee has accorded approval to import of 450,000 metric tonnes of wheat from Russia.
The approval was granted at a gathering of Committee held in Islamabad on Monday, with Finance Minister Ishaq Dar within the chair.
This wheat can be imported at a charge of 372 {dollars} per metric ton for provide at Gwadar from February to March subsequent yr.
The Committee additionally accredited import of 130,000 metric tonnes wheat on the identical charge from a UK based mostly firm to be equipped at Karachi port from sixteenth of this month until February subsequent yr.
The ECC determined that extra price on inland transportation from Gwadar Port can be borne by Pakistan Agricultural Storage & Providers Company Ltd to be recovered from provinces on the time of launch of wheat inventory.
The assembly additionally accredited proposal of Finance Ministry to alter the title of the revolving fund account for CPEC Unbiased Energy Producers from ‘Pakistan Power Revolving Fund’ to ‘Pakistan Power Revolving Account’.
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