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Wheat hoarders, people who make money from it, must be dealt with sternly, PM.

Wheat hoarders make money
Wheat hoarders, people who make money from it, must be dealt with sternly, PM.

The Premier claimed that as a result of actions taken by the government that the cost of wheat flour had dropped by about Rs 1,000 per 40kg bag.

ISLAMABAD: Premier Minister Shehbaz Sharif on Wednesday declared that as the country has ample wheat stocks, no one should be permitted to indulge in unjust gain by creating artificial shortages of the food item.

He also urged provinces to ensure the timely supply of flour mills with flour from their own and the PASSCO’s (Pakistan Agricultural Storage and Services Corporation) reserves and improve the governance in this area.

The prime Minister has presided at a high-level conference on artificially induced grain shortages, hoarding, and unfair profiteering.

Top authorities, including Minister of Food Security Tariq Bashir Cheema and Prime Minister Ahad Cheema’s advisor, attended the conference. And the provincial chief secretary talked about the situation right now and the nation’s wheat stocks.

According to the prime minister, this is because of the government’s and the government’s measures. In the previous five days, the price of a bag of 40kg wheat flour has dropped by about 1000, which is encouraging.

He also urged the authorities at the federal and provincial levels to take stern action against hoarders of flour and wheat. He said the government would bring those hurting the people with inflation by creating artificial flour shortages to justice.

The Prime Minister received information during that meeting. In addition. The provinces were told to move quickly because the nation possessed ample supplies of wheat. PASSCO’s and flour mills’ delivery of the reserve of wheat.

It was stated that the nation had received 1.3 million tonnes of exported wheat. And by the end of January, a different stock with identical characteristics was anticipated to be ready.

Additionally, the group was told that at the end of the current season year. The 1.4 million metric tonnes of wheat in the forward carry stockpiles might be accessible. Enough to meet the country’s food demands before the upcoming season begins.

Regarding the current grain stock, the premier voiced his optimism. In his nation. He encouraged the provinces to improve their control over the supply of wheat and flour.

 

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