Govt announces Rs600m subsidy on wheat

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Karachi: The Sindh government on Monday decided to reduce the price of wheat from Rs2, 850 per 100 kg to Rs2,800 per 100 kg and to give an overall subsidy of Rs600 million.

This decision was taken at a meeting held on the topic ‘Sindh Wheat Policy for the year 2012-2013’. It was chaired by Sindh Chief Minister Syed Qaim Ali Shah at the Chief Minister’s House.

The meeting was informed that the Sindh Food Department procured 1.290 million metric tonnes of wheat during the last year. The release of wheat to flour mills commenced in September 2012, and currently the balance stock of wheat in the godowns was 1.090 million metric tonnes, said Secretary Food Mir Nadir Ali Magsi. He added that for the disposal of 1.090 million metric tonnes of wheat physical and fiscal space needed to be made available, as wheat stocks may get damaged due to the prolonged storage period. The exorbitant storage and incidental charges should also be considered.

The chief minister said that President Asif Ali Zardari wanted more wheat to be procured and provided to people on subsidised rates. He said that the present elected government intended to provide relief to people and cultivators so that the gains in food production can continue.

The meeting was attended amongst others by Sindh Finance Minister Syed Murad Ali Shah, Sindh Information Minister Sharjeel Enam Memon, Secretary Food Sindh Aftab Ahmed Memon, officers of food and other departments.

 

Courtesy: The News