KARACHI: The Sindh government on Friday started releasing wheat quota to flour mills across the province. They would release 56,000 metric tonnes of wheat quota to flour mills till September 30.
The development would ultimately bring down the flour prices in the open market.
The flour mills, however, in plea bargain with National Accountability Bureau (NAB) would not be provided with a wheat quota. The wheat was being release at discounted rate of Rs58.25 per kg.
Flour mills in Karachi sindh would get 22,400 metric tonnes of import-ed wheat quota, while the respect quota
would issued to mills in Sukkur, Larkana, Shaheed Benazirabad and Mirpurkhas.
The officials claimed that the retail price of flour in Karachi has reached Rs100 while chakki flour was being available
at Rs110 per kg
While Pakistan has imported over 0.6 million metric tones of wheat during July-August 2022 for building up
strategic reserves and meeting demand of the staple grain in the country.
According to Pakistan Bureau of Statistics (PBS), 622,515 metric tones unmilled wheat worth $ 310.764 million
was imported during the first two months of current financial year.
The import of wheat in July-August 2022 is 992 percent higher in terms of quantity while 1787% higher in terms of
value in comparison to the corresponding two months of year 2021, the data shown.
During July-August 2021, as much as 57000 MT of wheat was import which cost $ 16.47 millions, it added.
The PBS data indicate that 410,918 MT of wheat was import during August costing $ 203.6 million while import of
the staple grain in July 22 remain 211,597 MT worth $ 107.14 million.
In local Currency, value of the wheat import in months of July and August this year was record Rs.23.51 billion
and Rs.44.977 billion respectively, while accumulative value of the import wheat in two months remained Rs.68.488 billion.
It is pertinent to mention that Economic Coordination Committee (ECC) of the cabinet had grants approval for
importing wheat from international market as overall local wheat production had been negatively affects due
to rains during wheat harvesting season in the country.