ISLAMABAD, May 9: The ministry of food and agriculture has notified procedures and conditions for export of 0.5 million metric tons of wheat through private sector latest by July 31, 2007 to all countries, including India.
The private sector can only export wheat from their own stocks by sea and land routes to all countries, but in case of wheat export to India through land, only rail route has been allowed via Lahore-Wahga.
According to the notifications issued here on Wednesday, for the export of wheat, private sector will not require any NOC either from Minfal or from the ministry of commerce for export of wheat.
There will be no export duty on wheat, no subsidy will be provided and wheat could be exported through partial shipments through containers.
Exporters would strictly adhere to international buyer’s commodity specifications and would present pre-shipment inspection reports (PSI) to customs authorities at the time of export, and exporters would observe all normal export procedure.
In order to monitor export quality, CBR would allow export on first-come-first-served basis on the arrival of consignment at the port area and filing of goods declaration for export with customs; maintain party-wise record of all wheat exports and ensure that only 0.5 million metric tons of wheat is exported from private sector’s own stocks.
The CBR would also provide regularly the details of shipments to Minfal on weekly basis, starting from the date of export policy order or relevant SRO as amended by the ministry of commerce to facilitate wheat exports.
The State Bank of Pakistan would provide LC-wise details of wheat export to Minfal on weekly basis and all shipments of wheat export from private sector’s own stocks must be completed by July 31.
