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ECC allows import of additional 200,000T wheat

ECC allows import of additional 200,000T wheat Business January 7, 2021 ISLAMABAD: The government on Wednesday decided in principle to import additional 200,000 tons of wheat to create buffer stocks and avoid shortage till the harvesting of the next crop. The final decision will be taken after consultations with all stakeholders. The Economic Coordination Committee (ECC) of the cabinet took the decision during a meeting presided over by Minister for Finance and Revenue Hafeez Shaikh. Ministry of food security and research presented a detailed summary regarding provision of additional quantities of wheat to Utility Stores Corporation, Khyber Pakhtunkhwa and Jammu and Kashmir. The meeting was told about the availability of wheat stocks across the country.

U S Treasury signs loan deal to clear Sudan s $1 2 bln World Bank arrears

07 Jan 2021 / 02:29 H. WASHINGTON, Jan 6 (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Wednesday signed an agreement to provide Sudan a bridge loan to clear the $1.2 billion the African country owes in World Bank arrears, allowing Sudan to access new World Bank financing. The Treasury said in a statement that the loan would be granted once Sudan implements the conditions agreed upon under a bilateral memorandum of understanding and with the World Bank. A World Bank spokesperson could not be immediately reached for comment on next steps. The bridge loan is part of a U.S. aid package to Sudan that comes after the United States removed the country from its state sponsor of terrorism list in late December.

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