“The ECC approved the import of 180,000 tons of wheat from Russia on GTG (government-to-government) basis, waiving all taxes/levies on GTG import of wheat,” according to a statement issued by the Ministry of Finance. The Ministry of National Food Security and Research created a sense of urgency for securing the ECC’s approval for wheat import. The food security ministry told the ECC that Russia would provide 180,000 tons of milling wheat from October 15 to November 30, 2020. The entire cost of wheat import would be $50.22 million or Rs8.3 billion. The food ministry had contacted Ukraine, Russia and Iran for exploring the possibility of a minimum import of 200,000 tons of wheat.

Source: The Express Tribune October 03, 2020 03:11 UTC