LAHORE -- The Punjab government on Tuesday decided to refer the matter of early 'release of wheat and its price' to the provincial cabinet for stabilising the commodity and flour rates in the market, which have been rising since the end of procurement season.
It may be mentioned here that traditionally the Punjab government starts releasing wheat in late September or early October when private market starts drying up. However, this year price of wheat started spiraling as soon as the season ended, either because of hoarding or reduced crop size - forcing Punjab to start releases as early as June.
Chief Minister Usman Buzdar presided over a meeting at his office to review steps for stabilising the prices of wheat and flour in the province and decided to refer the matter to the provincial cabinet. After cabinet approval, the wheat will be provided to flour mills at a price to be decided by it.
Addressing the meeting, Buzdar said the government has ample wheat stocks and every step will be taken to stabilise the price in the market. A decision will be made to stabilise the flour price after reviewing every option, he added.
The CM directed to take necessary steps to keep the prices of wheat and flour within the reach of commoners as the Punjab government has purchased record wheat during the current season.
Senior Minister Abdul Aleem Khan, the chief secretary, secretary...