The Ministry of Finance has reportedly informed the Economic Co-ordination Committee of the Cabinet that total wheat stock in the country on August 29, 2012 stood at 8.543 million tons, showing a slight decrease by 0.443 million tons over 8.976 million tons for the same period of last year.
Sources said the meeting was informed that 4.230 million tons wheat stock is with Punjab government as compared to 5.076 million tons for the same period of last year whereas 1.244 million tons wheat stock is with Sindh government. Senior officials have reportedly told the meeting that 0.426 million tons of wheat stock are present with Khyber Pakhtunkhawa government on August 29 2012, relatively higher from 0.348 million tons during the same period of last year.
The Finance Minister informed the meeting that wheat stock with Balochistan government on August 29, 2012 stood at 0.215 million tons against 0.088 million tons for the same period of last year. The meeting was informed that total wheat stock with Passco was reported at 2.428 million tons on August 29, 2012 as compared to 2.116 million tons for the same period of last year. The ECC was informed that total sugar stock in the country stood at 2.206 million tons on August 23, 2012 against 1.456 million tons for August 23, 2011. Sugar stocks held by the provinces were reported at 2.204 million tons on August 13, 2012 against 1.243 million tons for August 29, 2011. Some sugar stock is also held by the Trading Corporation of Pakistan.
The ECC was informed that POL products stock position was satisfactory with average available stock sufficient enough to meet 26 days' requirement of the country. On the same day, the country had sufficient stock of petroleum products, ie, for about 18 days. HOBC stock in the country was sufficient to meet 49 days requirement, furnace oil for 13 days, light diesel oil for 20 days and high speed diesel for 22 days.