ECC raises wheat support price to Rs400, approves Rs20bln export-oriented electricity subsidy.

ISLAMABAD -- The Economic Coordination Committee (ECC) of the cabinet Wednesday enhanced the wheat support prices to Rs1400 per 40 kilogram.

The ECC, which met here under the chairmanship of Adviser to Prime Minister on Finance and Revenues, Hafeez Shaikh also convened a special session tomorrow afternoon to discuss a detailed plan to keep the flour prices at the lowest possible level throughout the year.

The step has been taken keeping in view of any increase in support price and incidental charges for supply of Pakistan Agricultural Storage and Services Corporation (PASSCO) procured wheat to provinces and allied issues related to procurement of wheat by provinces and the private sector.

The committee approved a proposal by Power Division for a special relief package of

Rs20 billion to further continue provision of subsidized electricity until June 2020 to five export-oriented sectors.

The ECC also approved a proposal by Ministry of...