ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh on Wednesday held a virtual meeting with Chief Minister Sindh Murad Ali Shah to discuss an optimum support price for the wheat crop during fiscal year 2020-2021.
Federal Minister for National Food Security and Research Syed Fakhar Imam, Secretary Finance and Secretary NFS&R also participated in the meeting.
The adviser finance exchanged views with the chief minister Sindh for a coherent wheat support price across Pakistan.
During the meeting, the adviser finance stressed the need for agreeing upon a well-coordinated support price to strike a balance between producers and consumers, and ensure maximum productivity during the fiscal year 2020-2021.
An official said that the government might increase proposed Rs1, 600 per 40kg wheat support price for 2020-2021, after the provincial government of Sindh proposed Rs2, 000 per 40kg support price.
However, the adviser said to have stressed the need to settle the issue with mutual understanding.
The adviser finance concluded that there was a need to look at a holistic picture for determining a minimum support price for wheat crop, keeping in view, its financial implications in the long run.
Copyright Business Recorder, 2020
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