The Economic Coordination Committee (ECC) of the Cabinet has raised the wheat support price to Rs 3,900 per 40 kg for the procurement season of 2023, reported 24NewsHD TV channel.

The ECC meeting was held in Islamabad on Wednesday while Federal Minister for Finance Ishaq Dar was in the chair. 

The meeting approved a uniform procurement price of wheat crop 2022-23 at Rs. 3900/40 kilogram from Rs 3000 per 40kg. 

The ECC also approved a hybrid model of the Ramzan Relief Package (Targeted and Un-targeted) consisting of 19 items for Utility Stores Corporation, budgeted of Rs. 5 billion. 

The summary was moved by the Ministry of Industries and Production.

The ECC of the cabinet gave approval for the uniform tariff for K Electric customers. 

The meeting endorsed its approval of a surcharge on electricity consumers on IMF terms. 

The ECC also approved the Karachi Port Trust (KPT) Board Resolution regarding waiving off all the charges of storage on the stuck-up containers/cargo. It is decided in the meeting that clearance certificate of remission of the penalty imposed on containers subject to permission of State Bank. 

 The ECC further directed to submit a report on the magnitude and amount of cleared consignments on monthly basis. The meeting considered another summary of the Ministry of Energy (Power Division) on uniform tariff for K-Electric at par with XWDISCOS 1st Quarter 2022-23.

 The ECC also approved various Technical Supplementary Grants.

Reporter: Waqas Azeem