The Economic Coordination Committee under the Government of Pakistan (ECC) on Monday approved the purchase of 300,000 tons of Russian wheat, the Dawn newspaper reported on Tuesday.
According to the newspaper, the decision was taken during the ECC meeting chaired by Finance Minister Ishaq Dar. It is specified that the committee approved the possibility of concluding an agreement in accordance with the proposal of the Russian-based Prodintorg foreign economic corporation to supply 300 thousand tons of wheat to Pakistan at a price of $372 per ton from November 1, 2022, to January 15, 2023.
As Dawn notes, the national buyer (Pakistan Trading Corporation) has confirmed the deal is possible because as of October 31, 2022, Prodintorg is not under international sanctions and the proposed wheat meets the established standards of the Ministry of national food security and research of Pakistan.
GSV "Russia - Islamic world"
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Based on materials from TASS