Pakistan to Import 1 Million Tons of Wheat Amid Shortage Concerns

At a glance

Federal government to import 1 million tons of wheat.
Imported wheat to cost Rs. 4,500 per maund, with a total cost of $240 million.
The decision follows reports of missing domestic stocks and alleged hoarding.

Story so far

Despite earlier official claims of satisfactory wheat reserves from local production, Pakistan is facing a shortage. Reports indicate that large quantities of wheat are unaccounted for, with private stockists allegedly hoarding supplies to drive up prices. The Punjab government has banned wheat supply to other provinces, and raids to recover stocks have reportedly been unsuccessful.

Latest development

The federal government has decided to import one million tons of wheat to address a potential shortage, a move that will cost an estimated $240 million in foreign exchange.

Sources and updates

Samaa TV - Youtube

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