The ongoing political crisis in the country has started to affect the timely import of wheat and the supply and demand of wheat flour in the local market. There is a fear of
Despite the offer of up to 370 dollars per tonne to Pakistani traders in the international market, Pakistani importers are reluctant to import wheat privately due to the increasing value of the dollar.
In anticipation of the possible formation of a Tehreek-e-Insaf government in Punjab, the flour mill owners of Peshawar have stopped buying wheat at high prices. However, the bureaucracy of Punjab is concerned that if wheat flour continues to go from Punjab without any check and balance, instead of January 2023, Punjab flour may suffer from a crisis in November 2022, the ongoing political instability and the future. The uncertainty of whether the government will continue or change has also severely affected the country’s wheat flour market.
During the previous government’s tenure, due to the fertilizer crisis and the delay in the announcement of support purchase price, there was a short production of 35 lakh tonnes of wheat in the country, due to which the Imran Khan government and later the Shahbaz government also decided to import 30 lakh tonnes of wheat. So far, the federal government has signed contracts for the import of more than 4 lakh tonnes of wheat in various tenders out of one million tonnes of wheat to be imported through TCP.
