ECC extends deadline for wheat export till August 31

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet decided on Saturday to extend the deadline for export of wheat and wheat products till August 31, 2017.

This decision was taken during the committee’s meeting presided over by Finance Minister Ishaq Dar here in Islamabad.

It was decided that only those wheat exporters, who have already shifted wheat from go-downs of food departments prior to March 15, this year, will be allowed to benefit from this extension.

The committee approved another proposal of the Ministry of National Food Security and Research regarding outstanding claims of PASSCO on account of wheat supplied to Afghanistan.

It  also considered a proposal submitted by the Ministry of Commerce regarding the Prime Minister’s Package of Incentives for Exporters and extended the date of submission of claims till September 30, this year for shipments and exports made up to 30th of this month.

While considering a proposal of the Federal Board of Revenue (FBR), the ECC recommended the federal government to extend the period of applicability of reduced rate of 0.4 percent on banking transactions of non-filers till September 30, 2017.