Tag: Wheat costs

  • Caretaker setup allegedly profited 85 billion in Wheat Crisis Scheme

    Caretaker setup allegedly profited 85 billion in Wheat Crisis Scheme

    Pakistan Tehreek-e-Insaf Senator Aon Abbas has claimed on a talk show on Geo News that the previous caretaker government was singlehandedly responsible for creating the current wheat crisis in Punjab.

    Abbas revealed, “The caretaker government on 22 October 2023 imported 34 lakh ton wheat from Ukraine at the rate of Rs 3,100 per ton and sold it in Punjab at Rs 4,500 per ton.”

    The senator alleged that after this massive profit, the past caretaker government imposed strict rules on buying wheat from local farmers.

    “There was somebody in the caretaker setup who planned this entire scheme by getting import LCs (letter of credit) opened for Ukrainian wheat and made a profit of 85 billion.”

    Senator Talal Chaudhry from Pakistan Muslim League Nawaz (PMLN) agreed with the PTI senator and said “The Prime Minister has ordered an inquiry into this matter and the Punjab government is also a victim like the farmers because this crisis was created by others.”

  • Price of 10kg flour bag reaches nearly Rs1,500 

    Price of 10kg flour bag reaches nearly Rs1,500 

    The price of ‘chakki’ flour has recently experienced an increase of Rs10 to Rs12 per kilogramme in Hyderabad, the second-largest city in the province of Sindh.  

    Consequently, the price of a 10-kg sack of flour has risen from Rs1,350 to Rs1,470.  

    In an official statement, ‘chakki’ owners explained that the surge in prices is attributed to the increased cost of wheat. They clarified that the price of a 100-kg sack of wheat has escalated by Rs3,000, elevating it from Rs8,500 to Rs11,500.  

    According to their assertions, the prevailing market rate for a 100-kg sack of wheat is Rs12,000.  

    Earlier this month in Karachi, the retail price of flour was established at Rs127 per kilogramme following successful negotiations between Karachi Commissioner Salim Rajput and the flour mills association.  

    During the discussions, the association agreed to retail the flour at Rs127 and wholesale it at Rs120 per kilogramme in the city.  

    Furthermore, the wholesale market prices were set at Rs130 per kilogramme for fine flour and Rs134 per kilogramme for retail.  

    Meanwhile, there has been a noticeable increase in prices for sugar, flour, and other essential commodities at utility stores nationwide.   

    The reported prices reveal that sugar is priced at Rs155 in utility stores, compared to Rs142.54 in the open market, representing a Rs12.46 disparity.  

    Similarly, a 20-kg bag of flour is priced at Rs2,840 in utility stores, with an open market price of Rs2,706.32, reflecting a Rs133.68 difference.