The federal cabinet has approved the Economic Coordination Committee’s (ECC) decisions via emergency distribution.
The cabinet approved the import of 300,000 metric tonnes of urea fertilizer and 380,000 metric tonnes of wheat by the Trading Corporation of Pakistan (TCP).
The 380,000 tonnes of wheat would cost $373 per tonne, while the 300,000 metric tonnes of urea would cost $520 per tonne.
It is worth noting that the Trading Corporation of Pakistan (TCP) has launched an international tender to import 500,000 tonnes of wheat. The government received the lowest bid of $373 per metric tonne for wheat imports.
Massive floods and rainfall across the country from July to September harmed crops, swept away homes, bridges, roadways, and livestock, causing an estimated $30 billion in damage.
According to the tender, the government was looking for shipment in consignments of at least 100,000 tonnes between November 13-November 18, November 21-November 26, November 29-December 4, December 7-December 12, and December 15-December 20.
Shipments must be coordinated so that all wheat reaches Pakistan by January 10, 2023. The Cabinet’s Economic Coordination Committee (ECC) had approved the import of wheat and urea fertilizer the day before.
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