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Extra wheat import caused over Rs300bn loss, food ministry tells PM


A representational picture of wheat. —Unsplash
  • Wheat merchants have been exempted from customs obligation, say sources.
  • 28.18 mn tonnes of wheat was produced final 12 months.
  • Wheat being offered at lower cost than official price.

ISLAMABAD: Prime Minister Shehbaz Sharif has been apprised that beneath an organised plan, further wheat was imported in the course of the caretaker authorities’s interval which precipitated a lack of greater than 300 billion rupees, Prime Time News24 reported on Thursday citing sources.

The sources mentioned on the route of PM Shehbaz, important progress had been made within the investigation of the wheat scandal.

In response to sources, the Ministry of Nationwide Meals Safety informed the Prime Minister’s Workplace in a briefing that in the course of the caretaker authorities’s tenure, on the advice of the Ministry of Finance, the non-public sector was given a whole exemption on import as an alternative of a set restrict and wheat merchants have been additionally exempted from the customs obligation and normal gross sales tax.

Within the briefing, it was apprised that 28.18 million tonnes of wheat was produced final 12 months and the caretaker authorities determined to import 2.45 million tonnes extra.

The sources mentioned Pakistan Agricultural Storage & Providers Company Restricted (PASSCO), the federal government’s fundamental grain procurement and storage company, and provincial departments might solely purchase 5.87 million tonnes of wheat as an alternative of the required goal of seven.80 million tonnes from the growers.

The briefing mentioned that after the approval of the interim cupboard, the Ministry of Nationwide Meals Safety despatched a abstract, ignoring the suggestions of the Ministry of Commerce and Buying and selling Company of Pakistan (TCP).

It ought to be famous that the wheat crop is prepared within the nation and the value per 40kg has additionally been set by the provincial governments. Nevertheless, the Punjab and Balochistan governments are but to begin the acquisition from the farmers.

As a result of non-purchase of wheat by the provincial governments, wheat is being offered at a lower cost than the official price, which is worrying the farmers.

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