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No let-up in food price hike despite massive imports - Newspaper


In FY21, import of wheat and sugar to control skyrocketing prices of the commodities have played a major role in fuelling the overall import bill. AFP/file
KARACHI: Higher imports of food items boosted the overall import bill by 52 per cent to $3.9 billion in the first half of the current fiscal year (1HFY21).
In FY21, import of wheat and sugar to control skyrocketing prices of the commodities have played a major role in fuelling the overall import bill. However, the increase in imports of wheat, sugar and palm oil failed to provide any price relief to the masses.
The overall food import bill shrank by 4.32pc to $5.423bn in FY20 under the government’s plan to curb imports. There were no wheat imports in FY20. Volume of sugar imports was negligible in the same period. ....

Farid Qureishi , Karachi Retail Grocers Group , Pakistan Bureau Of Statistics , Pakistan Bureau , Secretary Karachi Retail Grocers Group , கராச்சி சில்லறை மளிகைக்கடைக்காரர்கள் குழு , பாக்கிஸ்தான் பணியகம் ஆஃப் புள்ளிவிவரங்கள் , பாக்கிஸ்தான் பணியகம் , செயலாளர் கராச்சி சில்லறை மளிகைக்கடைக்காரர்கள் குழு ,