ECC approves bids for import of 580,000 MT wheat
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ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet approved lowest bids of two companies for import of 580,000 metric tonnes wheat through Karachi and Gwadar ports. Minister for Finance and Revenue Senator Ishaq Dar presided over meeting.
Keeping in view results of 7th International tender and government-to-government (G2G) offer, ECC approved lowest bid from Cereal Crop Trading LLC at $ 372 a metric tonne for supply of 130,000 MT at Karachi Port for shipment period from December 16, 2022 to February 8, 2023. Prodintorg Russia on G2G basis at $ 372 per metric tonne for supply of 450,000 MT at Gwadar Port for shipment period from February 1, 2023 to March 31, 2023.
Ministry of National Food Security and Research submitted summary on Award of 7th International Wheat Tender 2022 opened on November 30, 2022. It was decided that any additional cost on inland transportation from Gwadar Port will be borne by PASSCO to be recovered from provinces at time of release of wheat stock.
Published in The Daily National Courier, December, 06 2022
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