LAHORE  - The 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 tons of wheat while the limit for opening LC with government assistance is 2,500 metric tons.
This was decided in a meeting regarding wheat export at Secretary Food Office which was presided over by of Provincial Minister for Food Bilal Yasin and 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.
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.
It is to be noted that 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. 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.
The flour millers welcomed the decision of the government of giving rebate on 1.2 million tons of wheat and wheat products for ensuring export of the commodity. PFMA Central Chairman Asim Raza Ahmad welcomed the decision of the government and said it would help in consuming the extra wheat.
He said that decision of the government to extend a subsidy of US55 dollars per ton on wheat and wheat products equal to 800,000 tons to be exported from Punjab and a US45 dollars per ton subsidy on export of 400,000 tons of wheat and wheat products from Sindh through land and sea routes would enable the provincial departments to clear their godowns and make room for the coming procurements. He claimed that the government has also imposed ban on import of wheat products. This act will facilitate the farmers of wheat and enable government to procure maximum wheat of upcoming wheat crop, he concluded.