ISLAMABAD, Pakistan: The Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad on Monday.
The Federal Minister for Power Khurram Dastgir Khan, the Federal Minister for Industries and Production Syed Murtaza Mahmud Shahid Khaqan Abbasi, the Minister of State for Finance and Revenue Dr. Ayesha Ghous Pasha, the Prime Minister’s Special Assistant on Finance Tariq Bajwa, the SAPM on Revenue Tariq Mehmood Pasha, the SAPM on Government Effectiveness Dr. Muhammad Jahanzeb Khan, Federal Secretaries and other Senior Officers attended the meeting in person.
While the Federal Minister for Commerce Syed Naveed Qamar, the Minister of State for Petroleum Musadik Masood Malik, the Prime Minister’s Coordinator on Commerce & Industry Rana Ihsan Afzal, the Governor State Bank of Pakistan (SBP), and the Managing Director PASSCO joined the meeting through Zoom.
The Ministry of National Food Security and Research submitted a summary on Award of 7th International Wheat Tender 2022 opened on 30th November 2022.
Keeping in view results of 7th International tender and G2G offer, the ECC approved the lowest bid from M/s Cereal Crop Trading LLC @ US$ 372/MT for supply of 130,000 MT at Karachi ports for the shipment period from 16th December 2022 to 8th February 2023 and also granted approval of the offer of M/s Prodintorg, Russia on G2G basis @US$ 372 /MT for supply of 450,000 MT at Gwadar Port for shipment period from 1st February, 2023 to 31st March 2023.
It was decided that any additional cost on inland transportation from Gwadar Port will be borne by PASSCO to be recovered from provinces at the time of release of wheat stock.
The ECC also approved proposal of Finance Ministry to change the title of the revolving fund account for CPEC Independent Power Producers from “Pakistan Energy Revolving Fund” to “Pakistan Energy Revolving Account”.