The committee sanctions the wheat procurement targets for PASSCO, Sindh, and Balochistan provinces, along with approving a cash credit limit for wheat purchase.
Islamabad: The Economic Coordination Committee (ECC) on Friday endorsed the wheat procurement plan for the ongoing year 2024.
The ECC meeting chaired by Finance Minister Muhammad Aurangzeb greenlit the summary presented by the National Food Security Ministry.
The committee sanctioned the wheat procurement targets for PASSCO, Sindh, and Balochistan provinces, along with approving a cash credit limit for wheat purchase.
The procurement targets for 2024 are set at 2.45 million metric tons (MMT), with contributions from PASSCO, Sindh, and Balochistan at 1.40 MMT, 1.00 MMT, and 0.050 MMT, respectively. The allocated cash credit limits amount to Rs169.00 billion for PASSCO, Rs100.00 billion for Sindh, and Rs5.70 billion for Balochistan.
Besides it, the ECC session approved technical supplementary grants for various ministries.
This plan is devised to ensure the seamless acquisition of wheat within the specified timeframe, vital for maintaining stable food reserves across the country.
Gold prices reach historic high in Pakistan
- 8 hours ago
New Zealand’s Milne, Bracewell suffer injuries ahead of T20 World Cup
- an hour ago
Pakistan’s ‘combat tested’ jets boost weapons sales
- an hour ago
UAE president accepts US invitation to join ‘Board of Peace’
- an hour ago
Elderly snow leopard dies naturally in Chitral, officials confirm
- an hour ago
PM vows to root out terrorism through collective efforts
- 4 hours ago
Oilers' Draisaitl taking leave due to family illness
- 6 hours ago
7 predictions for how MAHA will change how Americans eat
- 16 hours ago
Raja Nasir Abbas appointed as Leader of Opposition in Senate
- an hour ago
Strong police force key for internal security: Field Marshal
- 8 hours ago
Pakistan, China ink $4.5bn MoUs in agri, food sectors
- an hour ago
Berlin Film Festival to feature anime and family sagas in diverse competition line-up
- an hour ago
