Meeting of ECC (Economic Coordination Committee)
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The Economic Coordination Committee has approved an offer to purchase wheat from Russia at $390 per metric ton. The Ministry of Food Security has been instructed to cancel the offer if Russia asks for a higher price.
Significant progress has been made towards buying cheap wheat from Russia. The Economic Co-ordination Committee has approved the government-level offer to buy wheat at $390 per metric ton. Pakistan will import wheat from Russia
Pakistan Import Wheat From Russia
It was also said that the $390 offer should be canceled if Russia demands a higher price.
It was informed in the ECC meeting that on May 28, the federal cabinet had approved the import of 3 million metric tons of wheat. The Trading Corporation of Pakistan has initiated procurement efforts. Taurus had initially offered $410 per metric ton.
In this regard, the committee headed by Special Assistant to the Prime Minister, Tariq Fatima, negotiated with the Russian Embassy, on which Russia first offered $405 and then $400 per metric ton.
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