Cabinet approves imports of urea, wheat

ISLAMABAD: The federal cabinet has approved the Economic Coordination Committee’s (ECC) decisions to import nearly $300 million worth of urea fertilizer and wheat through open tenders.

According to reports, the federal cabinet has approved the Economic Coordination Committee’s (ECC) decisions through circulation on an emergency basis.

They said that the cabinet allowed the Trading Corporation of Pakistan (TCP) to import 300,000 metric tonnes of urea fertilizer and 380,000 metric tonnes of wheat.

Reports added that 380,000 tonnes of wheat would be imported for $373 per ton, while 300,000 metric tonnes of urea would be imported at $520 per ton.

It is pertinent to mention here that the Trading Corporation of Pakistan (TCP) opened an international tender for the import of 500,000 tonnes of wheat. The government received the lowest bid for wheat import $373 per metric ton.