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    • HOME
    • PAKISTAN
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      Brazilian man faking his death just to know who would attend funeral

      Brazilian man faking his death just to know who would attend funeral

      Iran: One killed in attack on embassy of Azerbaijan

      Iran: One killed in attack on embassy of Azerbaijan

      Virginia teacher shot by a Six-year-old student

      Virginia teacher shot by a Six-year-old student

      US sees Pak, India as equal partners, Ned Price

      No objection to Pakistan importing Russian oil, US

      Asian farm worker arrested in shooting in California killing 11 people

      Asian farm worker arrested in shooting in California killing 11 people

      Israeli civilian shot dead Palestinian man in West Bank

      Israeli civilian shot dead Palestinian man in West Bank

      Ukraine urges West to speed up supply of weapons

      Ukraine urges West to speed up supply of weapons

      Nepal mourns on deadliest plane crash

      Nepal mourns on deadliest plane crash

      Results of midterm elections good for democracy, Biden

      Republicans want data of visitors logs of Biden’s home

    • BUSINESS
      NEPRA reduces electricity tariff by Rs10.80 per unit

      NEPRA reduces electricity tariff by Rs10.80 per unit

      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      IMF to land Pakistan tonight for 9th economic review

      Gold prices soar up at all time highest level

      After dollar gold price creates panic as it crosses Rs200,000 per tola

      Recovery rupee continues against US dollar

      Dollar continuously spreads pain, jumping nearly Rs20.10 in a day

      Asian markets fluctuate as traders return from Lunar New Year break

      Asian markets fluctuate as traders return from Lunar New Year break

      Petroleum ministry devises a new policy to bring down fuel prices by Rs20

      OGRA refutes rumors of fuel shortage in country

      Some google apps likely face trouble in Pakistan

      Google announces about 12,000 job cuts globally

      FIA arrests gang impersonating bank representatives

      FIA arrests gang impersonating bank representatives

      Visa appoints new Manager for Pakistan to boost e-commerce industry

      Visa appoints new Manager for Pakistan to boost e-commerce industry

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      Priyanka Chopra reveals her daughter Malti Marie Chopra

      Priyanka Chopra reveals her daughter Malti Marie Chopra

      Pathaan surpasses reigning box office giant Avatar on opening day

      Pathaan surpasses reigning box office giant Avatar on opening day

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Paris Hilton gives birth to her first child

      Paris Hilton gives birth to her first child

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Esha soon making comeback with “Main”

      Esha soon making comeback with “Main”

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

      Sunil Shetty reveals why he quit from Bollywood movies

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      Home BUSINESS

      Pakistan imports 450000 metric tons wheat from Russia

      Pakistan imports 450000 metric tons wheat from Russia

      Web Desk by Web Desk
      in BUSINESS, FINANCE
      Reading Time: 2 mins read
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      WEB DESK

      With the government expecting a shortage of wheat in the coming months, it approved the import of around 450,000 metric tons of wheat from Russia and an additional 130,000 mt of wheat from another source over the next four months.

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      5 days ago
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      This was decided during a meeting of the Economic Coordination Committee (ECC) of the federal cabinet chaired by Federal Finance Minister Ishaq Dar. Others who attended the meeting included Federal Power Minister Khurram Dastgir Khan, Federal Industries and Production Minister Syed Murtaza Mahmud, former prime minister Shahid Khaqan Abbasi, Minister of State for Finance and Revenue Dr Ayesha Ghous Pasha, Special Assistant to the Prime Minister (SAPM) on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, SAPM on Government Effectiveness Dr Muhammad Jehanzeb Khan, Federal Secretaries and other senior officers attended the meeting in person.

      Federal Minister for Commerce Syed Naveed Qamar, Minister of State for Petroleum Musadik Masood Malik, Coordinator to PM on Commerce and Industry Rana Ihsan Afzal and Governor SBP, MD PASSCO joined the meeting virtually through Zoom.

      During Monday’s meeting, the Ministry of National Food Security and Research submitted a summary for the Award of Seventh International Wheat Tender 2022. The tender opened on November 30, 2022, and bids were submitted.

      Keeping in view the results of the tender and offer to complete it on a government-to-government (G2G) basis, the ECC approved the lowest bid received from M/s Cereal Crop Trading LLC to acquire and supply 130,000 MT of wheat at the ports in Karachi at a rate of $372 per MT.

      These shipments will arrive in Pakistan from December 16, 2022, to February 8, 2023, and will cost Pakistan a whopping $48.36 million.

      The ECC also approved a second bid from Russian firm M/s Prodintorg to supply some 450,000 MT on a G2G basis to Pakistan at the Gawadar Port at a competitive rate of $372 per MT.

      These stocks will start arriving in Pakistan from February 1, 2023, to March 31, 2023, and will cost Pakistan a total of $167.4 million.

      It was decided that any additional cost on inland transportation from Gwadar Port will be borne by the Pakistan Agricultural Storage and Services Corporation (PASSCO) to be recovered from provinces at the time of the release of wheat stock.

      The ECC also approved a proposal of the Finance Ministry to change the title of the revolving fund account for China-Pakistan Economic Corridor (CPEC) Independent Power Producers from “Pakistan Energy Revolving Fund” to “Pakistan Energy Revolving Account”.

      Tags: exportsimportrussiaWheat

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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