ECC approves release of 190,000 metric tons of wheat to USC

Islamabad, October 07, 2021 (PPI-OT):Economic Coordination Committee of the cabinet has approved release of 190,000 metric tons of wheat to Utility Stores Corporation to ensure smooth supply of the commodity across Pakistan. The ECC, which met in Islamabad on Thursday with Finance Minister Shaukat Tarin in the chair, was apprised that 90,000 metric tons of wheat has already been provided as an interim arrangement.

ECC also approved allocation of 300,000 metric tons of wheat to Azad Kashmir, out of which 140,000 metric tons of the commodity has already been released. It approved a Technical Supplementary Grant amounting to 6.4 billion rupees in favour of Cabinet Division for Special Technology Zones Authority during the current fiscal year.

The Finance Ministry tabled the summary regarding incentives and rewards to overseas Pakistanis remitters under National Remittance Loyalty Program (NRLP) which has been branded as Sohni Dharti Remittance Program. The remitters will be awarded points against remittances sent by them to Pakistan through legal channels.

After due deliberations, the ECC recommended that the option of cash redemption may only be offered to those overseas Pakistani remitters who return to Pakistan permanently. However, Overseas Pakistanis shall be qualified to avail services such as PIA ticket and mobile phone duty payment against redemption of the accumulated points awarded under NRLP.

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