ISLAMABAD: The Economic Coordination Committee has approved the Prime Minister's package for Rabi Crops, especially for wheat.

The decision was made in a special meeting of the committee with Adviser on Finance Dr. Abdul Hafeez Shaikh in chair, held in Islamabad on Thursday.

According to the package, 1000 rupees per 50 kilogram bag will be given as subsidy on fertilizers; DAP, phosphorus and potassium fertilizers.

The federal and provincial governments will share the subsidy in 70 percent and 30 percent ratio.

The federal funds for the subsidy will be directly disbursed to the provinces by the Finance Division on the basis of their share, keeping in view their system strength and overall outreach.

The Ministry of National Food Security would examine the provinces' demand for funds and after its recommendation Finance Division shall transfer the funds to the provinces.

It was also decided that the provinces will expand, improve and up-grade their subsidy disbursement systems. The package will be presented in the next Cabinet meeting on Tuesday for approval by the Federal Cabinet.