PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa government Monday approved approximately Rs.3 billion subsidy on import of wheat with a view to ensure smooth supply to flour mills as well as bringing stability in the flour prices. A special cabinet meeting was held here with Chief Minister, Khyber Pakhtunkhwa Mahmood Khan in the chair.
Provincial Ministers, Advisors, Special Assistants, Chief Secretary, SMBR, Addl: Chief Secretary and administrative secretaries attended the meeting. In first phase, the provincial government will immediately import 0.15 metric tons of wheat through Trade Corporation of Pakistan costing Rs.8.510 billion. Same quantity will be procured in the next phase. This will ensure smooth supply of wheat to flour mills and ensure stability in the prices of atta. The Chief Minister directed the Food department to keep all options open including domestic procurement.
Copyright Business Recorder, 2020
Comments
Comments are closed for this article.