ECC allows further import of sugar, wheat


ISLAMABAD – The Financial Coordination Committee (ECC) of the Cupboard on Wednesday authorised to produce flour and rice to Syria as humanitarian help, allowed additional import of sugar and wheat and likewise authorised funds for the procurement of vaccine for COVID-19.

The ECC, which met underneath chair of Federal Minister for Finance and Income Shaukat Tarin, thought-about a number of factors’ agenda. The ECC authorised a Technical Supplementary Grant amounting to approx. Rs. 24,555 million (US $150 million) to NDMA for procurement of vaccine for COVID-19 together with transportation and dealing with prices to be able to meet the goal of 85 million inhabitants to be vaccinated by the top of 12 months 2021.

On the advice of the Ministry of Nationwide Meals Safety & Analysis (NFS&R), the ECC accorded approval to import 400,000 MT of wheat and directed to discover and expedite the choice for importing the remaining quantity of wheat by means of authorities to authorities association. The ECC emphasised the significance of constructing strategic reserves in wake of evolving state of affairs in Afghanistan which can have an effect on the costs within the home market.

The ECC authorised the abstract tabled by the Ministry of Industries and Manufacturing for import of 200,000 MT of sugar for sustaining strategic reserves. The Secretary, M/o Industries and Manufacturing briefed the Committee about earlier tenders floated for the acquisition of sugar within the worldwide market. He additionally apprised about cancellation of earlier tenders as a result of volatility within the costs of commodities within the worldwide market notably as a result of ongoing COVID-19 pandemic. He additional apprised that rising transportation price and petroleum costs have contributed considerably into worldwide worth hike in meals commodities.

In his remarks, the finance minister, as a boss of ECC, took discover of the value fluctuations in worldwide market of commodities and directed to represent a sub-committee comprising of Secretary M/o Industries and Manufacturing, Secretary Commerce, Secretary Finance Division and Secretary Regulation Division to carry a consultative session and work out modalities for putting tenders in worldwide market in a well timed method to get a most inexpensive worth for importing meals objects to avoid wasting valuable international trade reserves of the nation. He additionally directed to current suggestions for enhancing the general estimation course of by provinces by means of forecasting on scientific foundation for commodities the place worth threat is concerned. Correct estimates needs to be offered for import of explicit meals objects to fulfil all codal formalities in a well timed method, he careworn.

The ECC authorised import of 200,000 MT of sugar with rapid impact by means of TCP and directed to exercise preparations for the remaining 300,000 MT of sugar by means of authorities to authorities mode of procurement on the earliest attainable to construct strategic reserves and guarantee clean provide of sugar throughout the nation earlier than the arrival of the contemporary crop. Equally, the ECC additionally authorised the corresponding monetary association for the import of 200,000 MT of sugar throughout the assembly.

The ECC thought-about and authorised a request for a Technical Supplementary Grant (TSG) by the Nationwide Catastrophe Administration Authority (NDMA) for extending humanitarian help to Syria in type of edible objects. The ECC allowed procurement of edible objects by means of MOFA (Pakistan Mission in Syria), 200 tons every of rice and flour amounting to approx Rs. 44.24 million.

Prime Minister of Syria had requested Pakistan for the help within the type of edible objects like wheat, rice and life-saving medicine as a result of the Syrian persons are badly affected by the Caesar Act 2019 utilized by the US on Syria. Pakistan had already offered help to Syria in 2020. In line with the abstract, which was offered in ECC, choice of sending edible objects (wheat and rice) to Syria isn’t thought-about possible as a result of non-availability of sea freight to Syria and large price concerned for transportation of heavy donation consignment by air. Subsequently, Ministry of International Affairs (MOFA) analyzed the choice of procuring wheat and rice from the Syrian market or from its neighbouring nations.

Pakistani Mission in Syria evaluated the choice of procuring edible objects (flour and rice) from the native market. Accordingly, the Mission has shared the costs of edible commodities. MOFA has endorsed the proposal and recommended that at the very least 200 tons every of rice and flour (whole 400 tons) could also be thought-about as meals package deal to be given to Syria as humanitarian help. MOFA requested NDMA to rearrange funds and get crucial approval from the competent boards to offer the humanitarian help to the individuals of Syria. 

The Ministry of Nationwide Meals Safety & Analysis offered a abstract earlier than the ECC to waive-off all relevant taxes/duties on the import of 12 drones donated by the Ministry of Agriculture and Rural Affairs (MARA), China for controlling desert locust in Pakistan. The Committee authorised the abstract for exemption of all relevant duties/taxes on this regard. 

Lastly, a Technical Supplementary Grant was authorised in favour of M/o Nationwide Well being Providers, Laws and Coordination amounting to Rs. 2376.266 million for the Expanded Programme on Immunization (EPI) for the FY 2021-22 as EPI is a high-priority initiative of the Authorities which goals to immunize greater than seven million youngsters underneath 1-year of age towards ten vaccine preventable ailments (VPD).