Annual wheat demand forecast revised up by 2 million tons
Business
April 17, 2021
LAHORE: The government revised up demand forecast for wheat consumption by two million tons for this year to 29.5 million tons, it was learnt on Friday.
Based on per capita consumption of 115 kg per year, the wheat consumption was calculated after taking into consideration total requirement of the grain while having a realistic view coupled with factoring in strategic reserves and yearly demands of various federating units and institutions.
The revised projection on wheat consumption was shared during the meeting of Federal Committee on Agriculture held on April 8.
Under the fresh assessment, Pakistan will need 29.5 million tons during year 2021 against last year’s requirements of 27.5 million tons.
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Foreign ministry left out of loop on cotton import from India
Some ECC members suggested seeking the opinion of the Ministry of Foreign Affairs
ISLAMABAD:
The Economic Coordination Committee (ECC)’s decision to allow import of cotton and sugar from India sparked a lot of discussion as it was considered a move to normalise relations with the neighbouring country through backdoor diplomacy.
However, officials in the Ministry of National Food Security and Research revealed that the decision had in fact been taken by bypassing the Ministry of Foreign Affairs.
Planning Minister Asad Umar and Adviser to Prime Minister on Institutional Reforms and Austerity Dr Ishrat Husain backed the move as far as economic benefits were concerned.