Press Releases - Threat of most serious flour crisis in decades approaching, says Mian Zahid Hussain.
FPCCI's Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said most serious flour crisis in the history of the country is in the making which can be stopped through the government's intervention.
Mafia has planned to increase the price of flour by at least fifty percent which will make people forget the recent coronavirus crisis and all the disasters that took place over the last seventy years, he said.
Mian Zahid Hussain said that the policies of the federal and provincial governments have emboldened the mafia which cannot be stopped through statements.
Talking to the business community, the veteran business leader said that the price of wheat and flour is increasing rapidly in the market and the price of wheat has jumped from Rs1400 to Rs1600 per maund in few days.
The former Minister noted that some seed companies, brokers and landlords are hoarding wheat while the officials of the food department seem unconcerned what has resulted in an artificial shortage in some districts.
The flour mills are not being allowed to stock...
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