You are here: Home » International » News » Others
Business Standard

Pak PM vows to curb flour price at govt's own expense amid wheat shortage

The reason for this shortage is reduced area under wheat cultivation, shortage of water and fertilizer, and delay in the announcement of support price

Topics
Pakistan  | Shehbaz Sharif | wheat

ANI 

Pakistan’s opposition leader Shahbaz Sharif smiles during a press conference, in Islamabad on March 30, 2022. Lawmakers appeared poised to push Prime Minister Imran Khan out of power in an upcoming no-confidence vote (AP/PTI Photo)
Pakistan PM Shahbaz Sharif (AP/PTI Photo)

As the production is estimated to fall short by almost three million tonnes this year, Prime Minister said that he will reduce the flour price even if he has to sell clothes.

While addressing a public gathering of Muslim League Nawaz (PML-N) in Bisham tehsil of Khyber Pakhtunkhwa's Shangla district, Sharif vowed to reduce flour prices in the province.

Sharif announced that he knew well how to reduce flour prices in the province. He directed the provincial government to make the reduction in the flour prices at its own expense, ARY News reported.

According to the Dawn newspaper, the country's Prime Minister's Office (PMO) on Saturday said that production is projected to be 26.173 million tonnes against a target of 28.89 million tonnes while the estimated consumption would be around 30.79m tonnes.

The reason for this shortage is reduced area under cultivation, shortage of water and fertilizer, and delay in the announcement of support price. Among other issues are oil price hikes and an earlier-than-usual heatwave.

These reasons had led to a shortfall of two per cent in production. The ongoing Russia-Ukraine war has also posed a severe shortage of wheat in .

Sharif further criticised Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government and said that the certificates of traitors and loyalists are being distributed instead of working on a plan to provide fundamental rights to the citizens, the Pakistani media reported.

He continued by saying that the PTI government had acquired the highest loans in history but it did not invest anything in development and public welfare projects, ARY News reported.

The national economy was destroyed for not taking timely decisions to purchase oil and gas, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 08 2022. 10:58 IST
RECOMMENDED FOR YOU
.