ECC bans wheat export from Pakistan

ISLAMABAD: The federal government on Wednesday decided to impose a ban on export of wheat and wheat flour amid rising concern over the price hike trend of roti and other wheat products in the wake of low wheat production in the country.

The cabinet’s Economic Coordination Committee (ECC), headed by Adviser to Prime Minister on Finance and Revenue Dr Hafeez Shaikh, took the decision at a meeting.

During the Rabi season 2018-19, the ministry of national food security and research recorded 24.12 million tonnes of wheat production against the projected target of 25.5m tonnes for the year. The procured quantity of wheat during this year was also 33pc less than the procured quantities of wheat during the last year’s corresponding period.

To control the price of roti and other wheat products in the local market, the ECC suggested that a meeting of National Price Monitoring Committee (NPMC) be convened with the cooperation of provincial governments.

Source: Dawn News