ISLAMABAD: The federal cabinet meeting has deferred the Economic Coordination Committee’s (ECC) decision to increase the support price of wheat from Rs1, 400 per 40kg to Rs 1, 600.
The cabinet meeting deferred two days after the prime minister directed that all provinces be taken on board on the matter.
During the meeting, Prime Minister (PM) Imran Khan reprimanded a few ministers and officials for failing to control inflation and vowed to bring back prices of essential items, especially wheat flour and sugar, to their previous position by importing both commodities.
According to sources, Minister for Food Security Fakhar Imam, Minister for Economic Affairs Khusro Bakhtiar, the food security secretary and officials from the Trading Corporation of Pakistan were confronted over the continuously rising prices of consumer items.
Further discussing the wheat crisis, the meeting held Sindh responsible for the shortage, emphasizing that it had not procured the commodity since last year.
“This increased the price of wheat in Sindh, as a result of which traders sent the commodity from Punjab and other parts of the country to earn more profit, making it dearer,” the cabinet members said.
The premier, however, hoped that the crisis would end by January 2021 once the import process is completed.
The meeting was also informed that consumption of sugar had increased sevenfold in Punjab during the last few days which indicated that either it had either been hoarded or was being smuggled.
Currently, 266,939 tonnes of sugar was available in the country, with the private sector having imported 99,636 tonnes whereas an additional 52,951 tonnes of sugar will be available in November.
