Agriculture & Food

Pakistan’s "Business Chronicle" reported on August 3 that on August 2, the Minister of Finance Tallinn presided over a meeting of the National Price Monitoring Committee (NPMC) to conduct special studies on the current reserves of Pakistan’s main food products and strategic materials. Relevant leaders from the Ministry of Food Security and Research, the Ministry of Industry and Production, the Ministry of Finance and the Ministry of Commerce attended the meeting.

The meeting heard a briefing by the Ministry of Finance on the price trends of petroleum products in Pakistan and neighboring countries, and reviewed the price trends of wheat, sugar, beans, chicken and other basic foods nationwide. In order to ensure that the country’s main grain and other strategic materials have sufficient reserves and stable prices, Tallinn instructed the Ministry of Food Security and Research to immediately organize the import of 2 million tons of wheat, and instructed the Ministry of Petroleum to analyze the impact of the current rise in LNG prices on other fuel consumption and find suitable substitutes. And to ensure sufficient inventory.

Prior to this, the Ministry of Food Security and Research has placed a purchase order of 220,000 tons of wheat, and the Ministry of Industry and Production is organizing the import of 600,000 tons of sugar.