Finance Ministry urged to release Rs.74b on account of PASSCO’s receivables

Mian Arshad

Islamabad—The National Assembly Standing Committee on National Food Security and Research, Wednesday, urged the Ministry of Finance to release Rs.74 billion on account of receivables of PASSCO on priority basis. NA Committee met here with Malik Shakir Bashir Awan in the chair and also recommended reduction in rate of import duty on agricultural machinery to maximum extent to marginalize the monopoly of tractor manufacturing units in Pakistan.
The Committee further recommended formation of a new policy for the timely disposal of the surplus wheat to avoid the payment of huge amount on account of markup.
NA panel held detailed discussion on preparatory state of godowns/warehouses for wheat storage all over the country and wheat procurement by the PASSCO for the current year.

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