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ISLAMABAD: Pakistan on Wednesday decided to import one million tonnes of wheat amid uncontrolled rising prices in the market.
The decision was reached at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Muhammad Aurangzeb, which was called urgently on a single-point agenda in view of the alarming situation.
While virtually presiding over the meeting, the minister also constituted a steering committee to take urgent steps to open letters of credit for wheat imports within 12 hours, an official statement said.
“The steering committee will, inter alia, do the need assessment and devise an operational mechanism with reference to the proposal of Wheat import and demand of provinces”, the statement said.
