ECC approves MIP for tobacco crops

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The Economic Coordination Committee (ECC) on Monday approved Ministry of National Food Secu-rity and Research proposals for Minimum Indicative Prices (MIP) of various types of tobacco crops for the year 2022.

A special meeting was virtually presided over by Federal Minister for Finance and Revenue, Shaukat Tarin, considered and approved Minimum Indica-tive Prices (MIP)for the year 2022 for further sub-mission to the Cabinet for its approval/ratification, said a press statement issued by the Finance Minis-try.

The committee approved MIP of Flue Curved Vir-ginia (FCV) includes Plain Area at Rs240 per Kg and Sub Mountainous Area at Rs281.13 per kg.

The committee also approved MIP of Dark Air-Cured Tobacco (DAC) of Rs149.09 per kg, White Patta (WP) Rs123 per kg, Burley Rs178.50 per kg and Naswar/Snuff/Hookah and other tobacco and its products at Rs123 per kg.

 

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