ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet allowed the state-owned Trading Corporation of Pakistan (TCP) to import 0.3 million tons of wheat to manage strategic reserves, the Ministry of Finance said.
The decision was made at an ECC meeting attended by ministers and representatives from all relevant ministries, the finance ministry said in a statement.
The Ministry of National Food Security and Research at the meeting presented a summary of urgent advice relating to the awarding of the third international wheat tender in 2022, the statement said.
The ministry of food security sought the lowest bid for the import of wheat, said the statement.
The ECC, following evaluation of the proposal, sanctioned the lowest bid offered by an international firm at 404.86 U.S. dollars per ton for 120,000 tons, it added.
