ECC approves new prices of tobacco crops during 2022

By: News Desk
Published: 10:53 PM, 24 Jan, 2022
ECC approves new prices of tobacco crops during 2022
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A special meeting of the Economic Coordination Committee (ECC) on Monday approved the proposals, put forward by setting the price of various types of tobacco crops for the year 2022, reported 24NewsHD TV channel.

A special meeting was virtually presided over by Federal Minister for Finance and Revenue, Shaukat Tarin, considered and approved Minimum Indicative Prices (MIP)for the year 2022 for further submission to the Cabinet for its approval/ratification, said a press statement issued by the Finance Ministry.

The committee approved MIP of Flue Curved Virginia (FCV) includes Plain Area at Rs240 per Kg and Sub Mountainous Area at Rs281.13 per kg.

The committee also approved MIP of Dark Air-Cured Tobacco (DAC) of Rs149.09 per kg, White Patta (WP) Rs129 per kg, Burley Rs187.50 per kg and Naswar/Snuff/Hookah and other tobacco and its products at Rs123 per kg.

Among others, the meeting was attended by Federal Minister for National Food Security and Research, Syed Fakhar Imam, Federal Secretaries and senior officers.

It is relevant to mention that the purpose of setting the price of tobacco is to protect farmers.