KARACHI: The Sindh government has notified that wheat from stocks will be released at a price of Rs 3687.50 per 100 kilograms.
According to the government notification, the wheat will be released to flour mills and Chakkis from government stocks at the same price. It said that no flour mill will be released more wheat than the approved quota.
Moreover, the wheat from government stocks will not be released to the flour mills involved in a plea bargain with the National Accountability Bureau (NAB). The wheat quota will also not be given to closed flour mills and will only be released to operational ones for six months.
Sindh cabinet had decided to release wheat from the government stocks from October 16. A session of the provincial cabinet chaired by Chief Minister Syed Murad Ali Shah approved the wheat release policy.
The release of wheat from government stocks would help reduce the price of wheat by Rs 9.13 per kilogram. The ex-mill price of wheat flour will drop to Rs 47.87 per kilogram from the existing Rs 57 per kg.
The provincial cabinet has fixed 3687.50 rupees per bag price of the wheat and also issued directives to this effect to district administration across the province.
Sindh and federal governments have recently traded barbs over the release of wheat from official stocks. Minister for National Food Security Syed Fakhr Imam said that the Sindh government was repeatedly asked to release wheat from its official stock to stabilising wheat flour price but its continuous refusal was creating problems.