KP govt approves Rs 3bn for import, supply of wheat on subsidized rates

Special Correspondent

 

PESHAWAR: Provincial Cabinet today approved approximately Rs.3 billion subsidy on import of wheat with a view to ensure smooth supply to flour mills as well as bringing stability in the atta prices. Special cabinet meeting was held here today with Chief Minister, Khyber Pakhtunkhwa Mahmood Khan in the chair. Provincial Ministers, Advisors, Special Assistants, Chief Secretary, SMBR, Addl: Chief Secretary and administrative secretaries attended the meeting. Provincial government in its first phase will immediately import 0.15 metrictons of wheat through Trade Corporation of Pakistan costing Rs.8.510 billion. Same quantity will be procured in the next phase. This will ensure smooth supply of wheat to flour mills and ensure stability in the prices of atta.Chief Minister directed the Food department to keep all options open including domestic procurement. Cabinet also constituted a committee comprising of Ministers for Food, Finance, Education and Secretary Food which will negotiate with private sector for domestic procurement of wheat.