Pakistan cleared 500,000 T subsidised wheat export quota

PARIS: Pakistan has approved the export of an additional 500,000 tonnes of wheat with a subsidy of $155 per tonne to be shipped by sea only, European traders said on Monday.

The measure was taken during a Pakistani committee chaired by the Prime Minister last week but details were still awaited, they said.

The wheat should be offered for sale via the state company Pakistan Agricultural Storage and Services Corporation (PASSCO).