Economic Coordination Committee Approves Wheat Sale In Pakistan

On February 24, 2026, the Economic Coordination Committee (ECC) of Pakistan's Cabinet approved the sale of 500,000 metric tonnes of wheat held by the Pakistan Agricultural Storage and Services Corporation (PASSCO) through competitive bidding at revised reserve prices. The decision was made amid rising carrying costs and a need to manage surplus wheat stocks efficiently, with locally procured wheat priced at PKR 4,150 per 40 kg and imported wheat at PKR 3,800 per 40 kg. This sale follows a previous attempt that failed due to low bids, highlighting the urgency of addressing food security issues in the country. The ECC emphasized the First-In-First-Out (FIFO) method for the sale to stabilize wheat prices and mitigate potential shortages in the market. As reported by Profit Pakistan, the committee also allocated a Technical Supplementary Grant of PKR 536 million for ongoing Public Sector Development Programme (PSDP) projects in Punjab and Khyber Pakhtunkhwa.