ECC to monitor import of wheat to control price hike.

Islamabad -- Economic Coordination Committee (ECC) of the Cabinet has given go-ahead to the private sector to import wheat to control prices of wheat and flour in the market and to ensure availability of wheat and flour at reasonable price across the country throughout the year.

The ECC chaired by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh also decided not to restrict the import of wheat to any limit by the private sector and further decided to monitor the situation on monthly basis to ensure availability of wheat and flour in all parts of the country at a reasonable price. The ECC further decided the following.

The ECC also considered and approved five proposals by the Interior Division for technical supplementary grants, including one technical supplementary grant (TSG) of Rs 2.5 billion to clear accrued verified liabilities of Punjab Mass-transit Authority (PMA) as federal share on account of operation of Pakistan Metro-bus System; two separate TSGs of Rs 200 million and Rs 36.400 million for ICT Police to clear outstanding liabilities of Shuhada families; and two separate TSGs of Rs. 105.621 million and Rs.60.581 million for ICT Police to clear outstanding liabilities during CFY 2019-20.

The ECC also approved a proposal by the Finance Division for TSG of Rs 1300 to meet critical demands related to medical stores and utilities for the Pakistan Navy. On another proposal by the Defence Division, the ECC allowed the CDA to collect charges against allotment of 45 acres land in Jagiot Farm Islamabad to Directororate General of ISI as per Rs 2250 per square yard rate with the total implication of Rs 490.05 million as already approved by the...