Pakistan In Focus - Govt enhances wheat support price by over 14pc.

The federal government on Wednesday decided to increase the minimum wheat procurement price by 14.3 percent to Rs1,600 per 40 kilogrammes and also agreed to give subsidy on fertilisers aimed at increasing farmers' income.

The decision to increase the prices was taken during a subcommittee meeting of the Economic Coordination Committee (ECC). The subcommittee comprised 10 members, including almost all the members of the ECC.

It has been decided to increase the minimum wheat support price from Rs1,400 to Rs1,600 per kg- an increase of Rs200 or 14.3 percent, according the officials, who attended the meeting. The rates are for next wheat crop but it will set the...