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The Economic Coordination Committee of the Cabinet has approved export of one point two million tons of wheat out of the surplus stocks available in Punjab and Sindh.

Finance Minister Ishaq Dar chaired the meeting of the committee in Islamabad on Friday.

Taking notice of unhindered import of wheat byproducts, the ECC issued instructions for immediate ban on their import.

The Committee approved provision of thirty thousand tons of wheat to the UN World Food Program for distribution among Temporarily Displaced Persons of FATA and KP.

The ECC considered and approved the Ministry of Water and Power's proposal to attract private sector investment in transmission line projects with the inclusion of upfront tariff as an option.

The ECC also accorded approval for the extension of Gas Sales Agreement between OGDCL and Fauji Kabirwala Power Company Limited for provision of 20 mmcfd of  gas at the earliest possible but not later than first of the next month till the time LNG is made available to the company for power generation.

At its maximum generation capacity utilization the plant will generate157 MW of electricity.

The Committee approved Issuance of Policy directive to NEPRA to build in costs incurred by the power sector into the tariff without affecting the end consumer.


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