ECC enhances wheat support price to Rs1,400 per 40 kg.

ISLAMABAD -- The Economic Coordination Committee (ECC) of the cabinet Wednesday enhanced the wheat support price to Rs1,400 per 40 kilogram.

Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting here at the Cabinet Division, a finance ministry press release said.

The ECC has discussed proposal to increase wheat support price to Rs1,400 per 40 kg and will convene a special session on Thursday afternoon to discuss a detailed plan to keep the flour prices at the lowest possible level throughout the year in view of any increase in support price and incidental charges for supply of PASSCO procured wheat to provinces and allied issues related to procurement of wheat by provinces and the private sector.

The ECC has approved a proposal of Power Division for a special relief package to further continue provision of subsidized electricity until June 2020 to five export-oriented sectors.

The ECC has also approved...