ISLAMABAD (92 News) – The government has abolished the regulatory duty on the import of wheat.
According to a notification issued by the Federal Board of Revenue on Tuesday, the duty has been abolished under the amendment to section 18(ii) of the Regulatory Duty Custom Act 1969.
The government has already issued permits for the import of 700,000 metric tons of wheat.
On Monday, the Food Security Ministry had warned of shortage of 1.5 million metric tons of wheat in the country. Owing to the shortage, the government will have to import wheat.
According to a summary sent by the Ministry of Food Security to the federal government, permits for the import of 700,000 metric tons of wheat will be issued in the second phase.
According to the estimate by the Food Security Ministry, the per ton price of wheat imported from Canada and America will US$257. Its cost at Karachi Port will be Rs 1,929 per maund. Its price at Multan Dry Port will be Rs2,029 per 40kg.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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