The federal government is to sell 124,000 tons of wheat amounting to Rs 4.977 billion to the World Food Program (WFP) for Temporarily Displaced Persons (TDPs) of Fata and Khyber Pakhtunkhawa.
According to official documents, the Economic Co-ordination Committee (ECC) on October 29, 2015 approved the release of 64,000 tons of wheat for TDPs for the period September 2015 to December 2015, which has since been delivered to the WFP and is likely to be consumed by January 2016.
The Ministry of States and Frontier Regions argues that to continue further supply of wheat to TDPs, World Food Program has requested to arrange 124,000 MT of wheat costing Rs 4.977 billion.
The ministry circulated the summary to Ministry of Finance, Economic Affairs Division, Ministry of Foreign Affairs and Ministry of National Food Security & Research which have no objection to the proposal of arrangements of 124,000 MT of wheat for provision to the WFP for the period February 2016 to December, 2016 (costing Rs 4.977 billion).
However, Finance Division has advised to obtain a report on lifting of wheat stocks from PASSCO and utilisation of these stocks by the WFP on a monthly basis for which the concerned quarters have been requested to obtain the requisite report.
Source: Business Recorder