ECC approves immediate release of 25,000 MTs to GB for the months of March, April 2023.

ISLAMABAD -- The Economic Coordination Committee (ECC) Tuesday considered a summary of the Ministry of Kashmir affairs and Gilgit-Baltistan on wheat supply to Gilgit-Baltistan and approved the immediate release of 25,000 MTs to GB for the months of March- April 2023 to avoid shortage of wheat in region, especially during the holy month of Ramzan.

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC, said a press release issued here.

Keeping in view the current wheat price, the ECC granted an additional amount of Rs. 2.9 billion through a Technical Supplementary Grant to meet the urgent requirement of Gilgit- Baltistan.

The ECC further directed the Ministry of KA and GB to submit a comprehensive plan for price rationalization in consultation with concerned stakeholders for consideration of the ECC within 30 days.

The Ministry of Energy (Petroleum Division) submitted a summary of the credit facility from Kuwait and presented that the Government of Pakistan is utilizing a credit facility extended by Kuwait Petroleum Corporation (KPC) against the supply of Diesel Oil under the term contract with PSO since...