ISLAMABAD – The federal cabinet on Tuesday allowed import of wheat as the flour prices continue to skyrocketing across the country.
Prime Minister Imran Khan in the cabinet meeting was briefed on flour prices.
“It was decided at the meeting that there should be no hindrance in the supply of wheat across the country. It was also decided that the government would not allow the price of flour to go up,” said an official press release.
The government has allowed wheat import to bridge the gap between supply and demand, besides making it clear that the hoarding of the commodity will not be allowed.
“Stockpiling is hostile to society. People should point out such elements,” it said, adding that the government will stop wheat smuggling.
The government of Sindh will be contacted to waive 1.25% duty / tax on the import price of wheat.
Currently, the local wheat stocks stand at 26.059 million tonnes.
“Punjab has started its wheat releases. Khyber Pakhtunkhwa (KPK) has lifted about 55,218 tonnes of wheat from PASSCO’s stock by July 19, 2020.”
The provincial departments are also directed to make sure that there should be no complain of wheat and flour shortage in the country.
All provinces are cooperating with each other and NFS&R to ensure smooth supply of the commodity in the country.
NFS&R is also facilitating private sector importers for ensuring adequate and timely imports of wheat in order to keep smooth demand and supply of grains and flour across the country.
Pakistani rupee inches up against US dollar in the open market on 28 March, 2024.
In the open market, the US dollar was being quoted at 278.4 for buying and 281.4 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.4 | 281.4 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.7 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.70 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.