ECC approves Rs200 per 40kg increase in wheat’s support price

The Economic Coordination Committee (ECC) Monday approved an increase of Rs200 per 40kg for the support price of wheat, reported 24News HD TV channel

The ECC met under the chair of Finance Adviser Hafeez Sheikh in which it approved the said increase in wheat price.

Now the wheat price per 40kg has increased to Rs1600 from Rs1400. Pakistan is currently facing wheat shortage and has also initiated import of the wheat that cost more to the country than its own production.

Recently Pakistan imported Russian wheat that cost Rs2000 per 40kg and experts were of the view that support price of wheat should have been increased in the country to encourage and support the farmers to get a wheat crop that suffices the country’s needs.

The ECC has also approved the government to government import of 300000 tonnes of wheat to overcome the wheat shortage crisis in the country.