ISLAMABAD: The cabinet was informed on Tuesday that government steps have resulted in a reduction of wheat prices. Furthermore, a ship carrying 60,000 tons of wheat is expected to arrive at Karachi port today (Wednesday).
Another cargo vessel carrying 60,000 metric ton wheat is likely to arrive on August 28. Next month (September), around 0.5 million tons of imported wheat will be available in the country, the cabinet was informed.
Minister for Industries and Production Hammad Azhar said the prices of sugar are also being reduced by Rs4 to Rs 5 per kg, with a positive trend witnessed in the private sector regarding the import of sugar. Earlier, he had said that prices of wheat and sugar would come down soon after the landing of imported wheat and sugar in the country.
He said after landing of imported wheat and sugar in the country, the hoarders who were holding huge stocks of the commodities would also start releasing the stock in the open market that would help further reduction in the prices of wheat and sugar. He added that the price of sugar was already on a downward trend after the reports of sugar being imported.
