Passco may export surplus wheat

Published November 17, 2002

ISLAMABAD, Nov 16: The government is likely to allow Passco to export surplus wheat till the end of the current month, said a senior official on Saturday.

The decision was expected to be taken in a meeting of Wheat Disposal Committee scheduled for Monday.

According to the official, Sindh food department had sent a request to the federal government seeking permission to export 100,000 tons of surplus wheat.

The committee had earlier allowed Passco to export surplus wheat laying with the Punjab food department till November 15.

The wheat committee would be presided over by Privatization Minister Altaf Saleem, which was to be attended among others by senior officials from the ministries of finance, commerce and agriculture.

Pakistan has exported 1.7 million tons of wheat till November 15, 2002, said the official.

Elaborating agenda of the meeting the official said the committee would consider the proposal of Sindh food department either to allow it to export the wheat or not.

The committee would also analyse the prevailing condition that in case of maximum export, how the domestic prices would be controlled. It would work out measures how to increase the Pakistani wheat export prices in view of global drought condition in major wheat exporting countries — US, Canada and Australia.

The current wheat export price at CBOT (Chicago Board of Trade) stands at $145 fob. Pakistan has been able to export 1.4 million tons of wheat since June 2001, to various destination, including Afghanistan, UAE, Kenya, Iraq, Malaysia and Egypt. However, the Pakistani wheat fetched export price of an average $108 fob Karachi, said the official.

Opinion

Editorial

Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...