Federal Ministry for National Food Security & Research Syed Fakhar Imam, Minister of Energy Hammad Azhar, Adviser to the Prime Minister on Commerce and Investment Mr. Abdul Razak Dawood, Governor SBP, Federal Secretaries and other senior officers also attended the meeting. Ministry of National Food Security and Research submitted a summary on extension in date for subsidy disbursement to the farmers on Kharif crop during 2021 on fertilizer (DAP), cotton Seed and Whitefly related pesticides, under Prime Minister’s package for agriculture in 2020-21. Federal Government has already released Rs. 3.890 billion to the Sindh province and Rs. 0.541 billion to the Baluchistan for the subject scheme. The ECC after discussion approved the proposal of subsidy disbursement till 30-06-2022. Ministry of National Food Security and Research submitted another summary on subsidy to the farmers on fertilizer for Kharif Crops 2022. The ECC approved subsidy disbursement in Kharif season 2022 amounting to Rs. 24.26 billion through provinces using their existing mechanism on sharing basis (50:50) for Phosphatic Fertilizers along with direction to strengthen the tracking system. Federal Government share will be Rs. 12.13 billion. On another summary of Ministry of National Food Security and Research on Fixation of Public Wheat procurement targets of Sindh and Baluchistan along with Cash Credit limits, the ECC approved wheat procurement target of Sindh to the level of 1.40 MMT, along with Cash Credit Limit (CCL) of Rs. 77.00 billion and target of Baluchistan to the level of Rs. 0.10 MMT along with CCL for the amount Rs. 6.20 billion. On another summary presented by Ministry of National Food Security and Research, subject to approval of Cabinet ,the ECC approved the revision of Minimum Support Price (MSP) of Wheat Crop 2021-22 from Rs. 1,950/40 Kg to Rs. 2,200/Kg, Wheat procurement target for Punjab to the tune of 4.00 MMT with Cash Credit Limit of Rs. 220.00 Billion. Khyber Pakhtunkhwa was allowed to procure 0.20 MMT from Punjab Food Department with their own financial arrangements. Cash Credit Limit (CCL) of PASSCO was also revised from Rs. 65.00 Billion to the level of Rs. 72.50 Billion @ Rs. 2,200/40 Kg for procurement of 1.20 MMT of Wheat. ECC also approved Supplementary Grant of Rs. 50 Billion to Power Division and Rs. 4.5 billion in favour of Ministry of Commerce for Export Development Fund (EDF).
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