Pakistan, Jan. 29 -- The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the disposal of 500,000 metric tons of Pakistan Agricultural Storage and Services Corporation Limited (Passco) wheat through competitive bidding, aiming to manage surplus stocks, reduce storage costs, and stabilise domestic wheat prices.

Moreover, the committee also approved the provision of 300,000 metric tons of Passco wheat to the Food and Consumer Protection Department of the Government of Punjab, aimed at maintaining adequate wheat supplies for flour mills, stabilising prices and ensuring uninterrupted availability of wheat flour to consumers, read a statement. The ECC met today at the Finance Division under the chairmanship of Financ...