Wheat imports push down prices
Country has imported over 2m tons in past five months out of target of 3m tons
PHOTO: REUTERS
Karachi’s ports are flooded with over half a dozen vessels carrying wheat imported by the government and private sector as Pakistan has purchased over two million tons in the last five months out of the target of three million tons for the current fiscal year.
In line with the government strategy, the imports have helped reduce wheat and flour (quality No 2.5) prices in wholesale and retail markets in recent months. The development has also helped to ease inflationary pressure in the country.