Punjab government has decided to export surplus reserves of wheat and federal government has allowed export of wheat on a rebate of 50 dollar per metric ton. Provincial Minister for Food Bilal Yasin presided over a meeting regarding wheat export at Secretary Food Office today which was attended by wheat exporters, flour mill owners, Secretary Food and Director Food.
A detailed briefing was given to the Minister and exporters on the occasion. The meeting was informed that the persons desirous of exporting wheat can deposit Rs.1260 per 40 kg in the form of bank draft and 55 dollars per metric ton rebate as bank warranty within 120 days. Director Food told the meeting that exporters will be bound to export wheat within 30 days of lifting wheat and their bank warranty will be returned after verification of Food Department. The exporters can export minimum of one thousand metric ton wheat while the limit for opening LC with government assistance is 2500 metric ton. Bilal Yasin informed flour mills owners that government is also considering to export wheat products for earning foreign exchange and providing maximum job opportunities to the people. He said that there are vast opportunities of wheat export in international market and the exporters will benefit substantially.
Director Food told flour mills owners and exporters that the surplus wheat reserves are available at Bahawalpur, Dera Ghazi Khan, Multan, Sahiwal and Sargodha. He said that information for the facility of exporters is available at www.punjab.gov.pk/food.
