Cabinet okays import of Russian wheat

ISLAMABAD: The federal cabinet on Friday approved import of 300,000 tonnes of wheat from Russia on a government-to-government (G2G) basis, ARY News reported.

The federal cabinet approved import of Russian wheat through a circulation summary.

According to sources, the government would import 300,000 MT of specified milling wheat at $372/MT for the shipment period from November 1 to January 15, 2023.

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The development comes days after the Economic Coordination Committee (ECC) approved the summary for the purchase of 300,000 MT of wheat from Russia on a government-to-government (G2G) basis.

The ECC meeting was presided over by Federal Minister for Finance and Revenue Ishaq Dar.