AGL 37.50 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 222.89 Increased By ▲ 0.46 (0.21%)
BOP 10.82 Decreased By ▼ -0.14 (-1.28%)
CNERGY 7.56 Decreased By ▼ -0.10 (-1.31%)
DCL 9.42 Decreased By ▼ -0.21 (-2.18%)
DFML 40.96 Decreased By ▼ -0.74 (-1.77%)
DGKC 106.76 Decreased By ▼ -3.99 (-3.6%)
FCCL 37.07 Decreased By ▼ -0.99 (-2.6%)
FFL 19.24 Increased By ▲ 0.95 (5.19%)
HASCOL 13.18 Decreased By ▼ -0.19 (-1.42%)
HUBC 132.64 Decreased By ▼ -2.32 (-1.72%)
HUMNL 14.73 Decreased By ▼ -0.86 (-5.52%)
KEL 5.40 Decreased By ▼ -0.16 (-2.88%)
KOSM 7.48 Increased By ▲ 0.07 (0.94%)
MLCF 48.18 Decreased By ▼ -2.15 (-4.27%)
NBP 66.29 Decreased By ▼ -0.18 (-0.27%)
OGDC 223.26 Decreased By ▼ -5.35 (-2.34%)
PAEL 43.50 Increased By ▲ 0.13 (0.3%)
PIBTL 9.07 Decreased By ▼ -0.23 (-2.47%)
PPL 198.24 Decreased By ▼ -4.89 (-2.41%)
PRL 42.24 Decreased By ▼ -0.62 (-1.45%)
PTC 27.39 Increased By ▲ 0.06 (0.22%)
SEARL 110.08 Increased By ▲ 3.06 (2.86%)
TELE 10.52 Increased By ▲ 0.74 (7.57%)
TOMCL 36.62 Decreased By ▼ -0.01 (-0.03%)
TPLP 14.95 Decreased By ▼ -0.28 (-1.84%)
TREET 26.53 Decreased By ▼ -0.26 (-0.97%)
TRG 68.85 Decreased By ▼ -1.30 (-1.85%)
UNITY 34.19 No Change ▼ 0.00 (0%)
WTL 1.79 Increased By ▲ 0.03 (1.7%)
BR100 12,363 Decreased By -32.9 (-0.27%)
BR30 38,218 Decreased By -629.2 (-1.62%)
KSE100 117,120 Increased By 111.6 (0.1%)
KSE30 36,937 Increased By 72.2 (0.2%)

ISLAMABAD: The Senate Standing Committee on National Food Security and Research, Wednesday, expressed serious concern over the rising prices of wheat flour and urged the ministry to take appropriate measures to check rising inflation which has hit the common man.

During the committee proceedings, the committee also showed concern regarding determining uniform minimum prices for wheat and called upon the ministry to take appropriate steps for legislation so as to facilitate the decision for a uniform minimum support price for wheat.

It was asserted that the sowing season for wheat begins from 10 October 2022 and hence, determination of a uniform minimum support price must be ensured before that date. The need to take appropriate steps in this regard was stressed.

In the eventuality of a difference of opinion related to determining the minimum support price, the Committee recommended that a forum to discuss the matter and enter an amicable resolution of all disputes is created.

Members of the Committee expressed serious apprehension that one of the major reasons for the shortage of wheat in the market is smuggling, especially to Afghanistan.

The Ministry of Interior may be requested for a briefing in this regard.

The meeting of the Senate Standing Committee on National Food Security and Research was held on Wednesday at Parliament House Islamabad.

Chaired by Senator Syed Muzafar Hussain Shah the meeting was attended by senators, Seemi Ezdi, Sania Nishtar, Jam Mehtab Hussain Dahar, Dr Asif Kirmani, and senior officers from the Ministry of National Food Security and Research along with all concerned.

Matters taken up included the Pakistan Tobacco Board (Amendment) Bill, 2022 that was passed with a majority decision by the Committee.

Senator Nishtar opposed the amendment and contended that the powers to constitute the Board and routine matters must be vested in the federal government. This amendment, she added, waters down the federal government’s authority.

In addition, the issue of cotton crop damage with regards to the flood situation; measures taken by the government to determine the Minimum Support Price for wheat and steps taken by the government to constitute the Wheat Board were also taken up by the committee.

The complete report on the PARC vacancies was discussed by the committee as well. While discussing the cotton CESS fee, the committee was of the view that this has been the main reason for losses and that research in the field is wanting.

This, it said, was an important issue and all-out efforts must be made to determine the CESS fee. Regarding loans to facilitate farmers, the committee recommended that all interest on loans given by the ZTBL may be waived.

An increase in loan facility was recommended for private commercial banks.

The committee stressed the need to follow up the matter with the SBP.

Copyright Business Recorder, 2022

Comments

Comments are closed.