BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)
Markets

PM Shehbaz directs measures to curb wheat smuggling, theft

  • Says construction of silos would help curb theft and corruption
Published Updated
By

Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to formulate an urgent strategy against the corruption and theft of wheat and for the construction of the silos for storage.

The prime minister, chairing a high-level meeting to examine wheat production, available stock, and expected consumption, said the construction of silos would help curb theft and corruption.

He told the meeting that despite being an agricultural country, Pakistan had been compelled to import wheat instead of meeting its own needs, just due to wrong decisions and delayed strategies.

The meeting was told that wheat production of 26.173 million metric tons was expected this year against the target of 28.89 million metric tons while estimated consumption would be around 30.79 million metric tons.

It was told that reduced wheat cultivation, water shortage, fertilizer crisis due to the mismanagement by the previous government, and delayed announcement of wheat support price led to the reduced production of wheat by two percent.

The oil price hike and early rise in temperature due to climate change were also among the factors impeding the achievement of the wheat production target.

Govt, allies to work together to resolve Pakistan's economic issues: PM Shehbaz

The prime minister was also apprised of relief measures taken by the incumbent government including subsidy on wheat supply to flour mills, availability of 10kg flour bag at Rs400, and provision of 200,000 metric tons of wheat to KP.

The prime minister directed the authorities concerned to assess the wheat consumption of KP and ensure the provision of the required supply of the commodity in coordination with the provincial government.

The meeting was told that Punjab had achieved 91.66 percent of the wheat procurement target, Sindh 49.68, Balochistan 15.29 while PASSCO had achieved 100% of the target.

The prime minister said that the delayed announcement of wheat support price had not only led to reduced wheat production but it was also an attempt to directly oblige the hoarders.

He also asked the Punjab province to enhance its procurement target and directed the Food Security Division to import the wheat in order to bridge the shortfall.

The prime minister also expressed his resolve to make Pakistan a wheat self-sufficient country through effective strategy.

Minister for Food Security Tariq Basheer Cheema, senior officers of PASSCO and Punjab Chief Secretary, and provincial government officers attended the meeting.

Comments

Comments are closed for this article.

Tariq May 07, 2022 11:40am
The price of wheat is 2200 per kg and the price flour is 2400 per kg. The writer should update his statistic.
0