ISLAMABAD: The Economic Coordination Committee (ECC) has approved the sale of 500,000 metric tons of wheat from government reserves.
The decision was taken during a meeting chaired by Finance Minister Muhammad Aurangzeb, according to an official statement released after the session.
The wheat will be released from stocks held by the Pakistan Agricultural Storage and Services Corporation (PASSCO) and sold through a competitive bidding process.
However, the development comes at a time when concerns are mounting over delays in the transportation of government wheat stocks.
The ECC approved new reserve prices for wheat. The reserve price for locally procured wheat has been fixed at Rs. 4,150 per maund, while imported wheat will carry a reserve price of Rs. 3,800 per maund.
The committee further clarified that wheat stocks will be sold on a “first-in, first-out” basis, a mechanism intended to ensure older stocks are released before newer supplies.
This approach is often adopted to maintain storage efficiency and minimize potential losses. The ECC also approved a technical supplementary grant amounting to Rs. 536 million for ongoing legacy projects.
The latest decisions have drawn attention from traders, millers, and consumers alike.
