AIRLINK 205.50 Increased By ▲ 5.21 (2.6%)
BOP 10.25 Decreased By ▼ -0.24 (-2.29%)
CNERGY 7.05 Decreased By ▼ -0.16 (-2.22%)
FCCL 34.60 Decreased By ▼ -0.34 (-0.97%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 25.00 Increased By ▲ 0.15 (0.6%)
HUBC 130.99 Increased By ▲ 3.18 (2.49%)
HUMNL 13.92 Increased By ▲ 0.11 (0.8%)
KEL 4.93 Decreased By ▼ -0.07 (-1.4%)
KOSM 6.80 Decreased By ▼ -0.23 (-3.27%)
MLCF 44.20 Decreased By ▼ -0.42 (-0.94%)
OGDC 221.12 Decreased By ▼ -1.03 (-0.46%)
PACE 7.23 Decreased By ▼ -0.19 (-2.56%)
PAEL 42.75 Decreased By ▼ -0.05 (-0.12%)
PIAHCLA 17.07 Decreased By ▼ -0.32 (-1.84%)
PIBTL 8.46 Decreased By ▼ -0.05 (-0.59%)
POWER 9.11 Decreased By ▼ -0.04 (-0.44%)
PPL 190.35 Decreased By ▼ -2.38 (-1.23%)
PRL 43.10 Increased By ▲ 1.60 (3.86%)
PTC 24.77 Increased By ▲ 0.33 (1.35%)
SEARL 102.55 Increased By ▲ 1.28 (1.26%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.70 Decreased By ▼ -1.17 (-2.67%)
SYM 18.47 Decreased By ▼ -0.29 (-1.55%)
TELE 9.23 Decreased By ▼ -0.31 (-3.25%)
TPLP 13.08 No Change ▼ 0.00 (0%)
TRG 68.70 Increased By ▲ 2.51 (3.79%)
WAVESAPP 10.40 Decreased By ▼ -0.13 (-1.23%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

The federal government has fixed the minimum support price (MSP) for wheat at Rs 1800 per 40 kg. This amount appears to be adequate to encourage growers towards producing bigger wheat crops in order to meet country’s needs in a satisfactory manner. It is no secret that the government has been spending a lot of foreign exchange in the head of wheat import. Trading Corporation of Pakistan (TCP), for example, has recently bought about 300,000 tons of wheat in an international tender. We can easily imagine the amount of foreign exchange the country has to spend on wheat procurement from the global market.

Hence the need for taking all the required steps aimed at forestalling the major wheat deficit which is said to be looming large.

HARIS NAWAZ (LAHORE)

Copyright Business Recorder, 2021

Comments

Comments are closed.