AIRLINK 167.80 Decreased By ▼ -10.36 (-5.81%)
BOP 9.78 Decreased By ▼ -0.26 (-2.59%)
CNERGY 7.99 Decreased By ▼ -0.23 (-2.8%)
CPHL 88.00 Decreased By ▼ -4.50 (-4.86%)
FCCL 44.00 Decreased By ▼ -1.77 (-3.87%)
FFL 15.56 Decreased By ▼ -0.34 (-2.14%)
FLYNG 28.05 Decreased By ▼ -0.45 (-1.58%)
HUBC 138.25 Decreased By ▼ -3.86 (-2.72%)
HUMNL 12.46 Decreased By ▼ -0.35 (-2.73%)
KEL 4.27 Decreased By ▼ -0.09 (-2.06%)
KOSM 5.59 Decreased By ▼ -0.33 (-5.57%)
MLCF 64.80 Decreased By ▼ -1.49 (-2.25%)
OGDC 212.03 Decreased By ▼ -2.33 (-1.09%)
PACE 5.74 Decreased By ▼ -0.28 (-4.65%)
PAEL 45.00 Decreased By ▼ -0.90 (-1.96%)
PIAHCLA 17.20 Decreased By ▼ -0.32 (-1.83%)
PIBTL 9.27 Decreased By ▼ -0.50 (-5.12%)
POWER 14.50 Increased By ▲ 0.30 (2.11%)
PPL 167.00 Decreased By ▼ -2.82 (-1.66%)
PRL 30.63 Decreased By ▼ -2.55 (-7.69%)
PTC 21.24 Decreased By ▼ -0.31 (-1.44%)
SEARL 90.21 Decreased By ▼ -3.19 (-3.42%)
SSGC 41.10 Decreased By ▼ -0.01 (-0.02%)
SYM 14.53 Decreased By ▼ -0.93 (-6.02%)
TELE 7.43 Decreased By ▼ -0.25 (-3.26%)
TPLP 9.48 Decreased By ▼ -0.37 (-3.76%)
TRG 65.28 Decreased By ▼ -1.70 (-2.54%)
WAVESAPP 9.59 Decreased By ▼ -0.23 (-2.34%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.72 Decreased By ▼ -0.10 (-2.62%)
AIRLINK 167.80 Decreased By ▼ -10.36 (-5.81%)
BOP 9.78 Decreased By ▼ -0.26 (-2.59%)
CNERGY 7.99 Decreased By ▼ -0.23 (-2.8%)
CPHL 88.00 Decreased By ▼ -4.50 (-4.86%)
FCCL 44.00 Decreased By ▼ -1.77 (-3.87%)
FFL 15.56 Decreased By ▼ -0.34 (-2.14%)
FLYNG 28.05 Decreased By ▼ -0.45 (-1.58%)
HUBC 138.25 Decreased By ▼ -3.86 (-2.72%)
HUMNL 12.46 Decreased By ▼ -0.35 (-2.73%)
KEL 4.27 Decreased By ▼ -0.09 (-2.06%)
KOSM 5.59 Decreased By ▼ -0.33 (-5.57%)
MLCF 64.80 Decreased By ▼ -1.49 (-2.25%)
OGDC 212.03 Decreased By ▼ -2.33 (-1.09%)
PACE 5.74 Decreased By ▼ -0.28 (-4.65%)
PAEL 45.00 Decreased By ▼ -0.90 (-1.96%)
PIAHCLA 17.20 Decreased By ▼ -0.32 (-1.83%)
PIBTL 9.27 Decreased By ▼ -0.50 (-5.12%)
POWER 14.50 Increased By ▲ 0.30 (2.11%)
PPL 167.00 Decreased By ▼ -2.82 (-1.66%)
PRL 30.63 Decreased By ▼ -2.55 (-7.69%)
PTC 21.24 Decreased By ▼ -0.31 (-1.44%)
SEARL 90.21 Decreased By ▼ -3.19 (-3.42%)
SSGC 41.10 Decreased By ▼ -0.01 (-0.02%)
SYM 14.53 Decreased By ▼ -0.93 (-6.02%)
TELE 7.43 Decreased By ▼ -0.25 (-3.26%)
TPLP 9.48 Decreased By ▼ -0.37 (-3.76%)
TRG 65.28 Decreased By ▼ -1.70 (-2.54%)
WAVESAPP 9.59 Decreased By ▼ -0.23 (-2.34%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.72 Decreased By ▼ -0.10 (-2.62%)
BR100 12,259 Decreased By -258 (-2.06%)
BR30 36,745 Decreased By -897.9 (-2.39%)
KSE100 115,020 Decreased By -2206.3 (-1.88%)
KSE30 35,328 Decreased By -691.3 (-1.92%)

LAHORE: The Punjab Food Department has to pay a debt of Rs 375 billion on account of purchase of wheat, which is being paid by the incumbent government.

"For the first time in the history of the province, the debt under this head is reducing," said the Punjab Minister for Food Bilal Yasin, and Information Minister Azma Bokhari while addressing a press conference here on Saturday.

They said that the Chief Minister Punjab has taken historical measures for the relief of the common man in Punjab. "When we came into power, the price of flour in Punjab was Rs 2800, which has now been reduced by 50%. We have also reduced the price of roti from Rs 20-25 to Rs 12-14 all over Punjab. There will be no compromise on food quality and prices. Strict action will be taken against flour mills for involvement in price manipulation," they warned.

They said the food department has a debt of Rs 375 billion due to purchase of wheat on credit, which we are paying off. For the first time in history, our debt is decreasing in May and June, and we are ensuring payments in time. Wheat worth of billions of rupees is available, and we are moving towards a loan-free status.

Provincial Information Minister Azma Bukhari said that Punjab Chief Minister Maryam Nawaz is personally monitoring the relief efforts for the people of Punjab. Historical measures have been taken in the first 100 days of our government.

The Punjab Assembly witnessed the finest and best performance-based speech by any Chief Minister. She has given a clear message that Pakistan should now move forward. We believe in work, not slogans. We have reduced chicken prices from Rs 800 to Rs 400, and similarly, we are working to make other essential food items affordable for the common man.

Copyright Business Recorder, 2024

Comments

Comments are closed.

KU Jun 30, 2024 11:00am
We shall all see these unrealistic claims fruiting in July 2024, but they will certainly have an excuse n blame for the coming misery.
thumb_up Recommended (1)
Faiq Jun 30, 2024 02:01pm
They along with the establishment created the wheat price, at the cost of poor farmers, and they control the chicken market and the majority of supply chains, price decrease is just the side effect.
thumb_up Recommended (1)
Berozgar jwan Jun 30, 2024 08:47pm
Reducing the price is not an issue for govt the issue is that those who worked hard and invested lots of money on wheat growth are they getting any benefit,what did govt do for them.
thumb_up Recommended (4)
Umar Jul 01, 2024 09:48am
Never impose restriction on prices, it might be unfair to forcefully fix price, Leave it on Supply & Demand, it will balance everything itself.
thumb_up Recommended (1)
Salman Jul 01, 2024 12:51pm
Why government is taking credit of lower wheat price at economic murder of our farmers. First they allowed to import wheat then purchased at higher rates. Now we have 3.9 million tons of surplus wheat
thumb_up Recommended (0)
Asad Ali Bajwa Jul 01, 2024 01:15pm
@Berozgar jwan, Nothing, only prayer for them
thumb_up Recommended (0)
Raza Qurashi Jul 01, 2024 10:29pm
Historical kam kia ha keh kissan say wheat buy he nahi ke bohat support kar rahay han kissan aur agriculture ko....well done
thumb_up Recommended (0)