The federal government of Pakistan plans to establish a special purpose vehicle (SPV), the Wheat Stock Management Company (WSMC), to settle PASSCO’s outstanding liabilities of Rs527 billion. This comes as part of the process of winding up PASSCO and managing strategic wheat reserves efficiently.
The SPV will handle dues from provinces, federal agencies, and banks, using proceeds from wheat stock sales, asset disposal, and other recoveries. Any residual liability will be addressed through long-term financing under a sovereign guarantee. The SPV will be dissolved once its mandate is completed.
Provinces have been urged to settle dues by December 2025; otherwise, deductions may be made at source. The initiative aims to ensure financial stability, transparency, and proper management of Pakistan’s strategic wheat reserves while finalising PASSCO’s balance sheet.
Related stories:
