Federal National Food Security Minister advised all Provinces to increase wheat purchases
Federal National Food Security
Mr. Rana Tanveer, the Federal National Food Security (NFC) Minister, delivered a letter to the respective Chief Ministers (CM) of Punjab, Sindh, Khyber-Pakhtunkhwa (KP), and Balochistan, requesting them to hurry up government wheat purchasing while keeping awareness of the wheat crop’s (sensitivity, production, storage, smuggling,) along with various types of temperatures in their provinces. Even so, Mr. Rana Tanveer, who is also the Federal Minister of Industry and Production, has also requested that chief ministers (CM) analyze their wheat goals for purchasing and guarantee that what they need can be bought from farmers on schedule.
He additionally suggested that the provincial governments should take reasonable and necessary steps to achieve their wheat purchase objectives. The food minister highlighted the need to purchase wheat from farmers at the Centre’s set prices. He went on to say that the federal government was knowledgeable of the issues that producers faced. The federal government set a wheat purchase target of (2.5 million) metric tons. This quantity was sixty-nine percent lower than the current year due to Punjab’s lack of advertising efforts. It also approved (Rs275 billion) loans to get the crop.
Furthermore, The Economic Coordination Committee (ECC) of the cabinet authorized wheat purchase objectives for the Pakistan Agricultural Storage and Services Corporation (Passco), Sindh, and Balochistan. Punjab should have disclosed its funding requirements or wheat purchase plans. The Economic Coordination Committee (ECC) fixed Sindh’s wheat purchasing objective at (1 million tons), a decline of 28 percent from the same period last year, and approved the provincial government to receive a loan of (Rs100 billion).
Sindh plans to buy agricultural products from farmers for (Rs4,000) every 40 kilograms. It takes commercial banking institutions (Rs77 billion) for commodity transactions. The Economic Coordination Committee (ECC) authorized a (50,000 metric ton) expenditure objective for Balochistan and established a borrowing above (Rs 5.7 billion) for the province government. KP’s production of (1.4 million tons) is likely to fall short of the objective by (200,000 tons).
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