Duty-free wheat import by private party allowed

Dawn | Jan 21, 2020 at 7:03 AM
  • Amid a political debate over the wheat and flour crisis, the government on Monday allowed duty-free import of 300,000 tonnes of wheat to ease an enormous price hike.
  • It will be a political decision to allow wheat imports to send a message of comfort to the market about its availability.
  • The ECC approved a mechanism proposed by the finance ministry for grant of sovereign guarantees.