{"id":36004,"date":"2024-05-12T11:35:57","date_gmt":"2024-05-12T06:35:57","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=36004"},"modified":"2024-05-12T11:35:57","modified_gmt":"2024-05-12T06:35:57","slug":"punjab-govt-decides-to-devise-new-wheat-procurement-policy","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/punjab-govt-decides-to-devise-new-wheat-procurement-policy\/","title":{"rendered":"Punjab govt decides to devise new wheat procurement policy"},"content":{"rendered":"<p>LAHORE: The Punjab Food Department\u00a0has decided to withdraw from its practice of wheat procurement, sources said on Saturday.<\/p>\n<p><span data-preserver-spaces=\"true\">They further said that a new policy has been devised over the matter and it will become a law and with\u00a0<\/span><span data-preserver-spaces=\"true\">that,<\/span><span data-preserver-spaces=\"true\">\u00a0the food department\u2019s role in wheat procurement will come to an end.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sources said that in the <\/span><span data-preserver-spaces=\"true\">new<\/span><span data-preserver-spaces=\"true\"> policy, the private sector will directly purchase wheat\u00a0<\/span><span data-preserver-spaces=\"true\">crops<\/span><span data-preserver-spaces=\"true\"> from farmers. \u201cThe government will fix the wheat price <\/span><span data-preserver-spaces=\"true\">in view of<\/span><span data-preserver-spaces=\"true\"> the international prices of the commodity,\u201d sources said. All four provinces of the country will fix a\u00a0<\/span><span data-preserver-spaces=\"true\">unanimous<\/span><span data-preserver-spaces=\"true\"> rate of wheat crop, it said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It has been hinted that the new experiment will be conducted for two years. <\/span><span data-preserver-spaces=\"true\">This will end the burden of billions of rupees in interest and storage expenditures for the government.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Sources said that the International Monetary Fund (IMF) has also demanded the provinces <\/span><span data-preserver-spaces=\"true\">bring their expenses down. The food department bears a burden of Rs400 billion in a year in this respect, sources added.<\/span><\/p>\n<p><em><strong>READ MORE:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/wheat-import-scandal-punjab-govt-decides-against-buying-wheat-from-farmers\/\">Wheat Import Scandal: Punjab govt decides against buying wheat from farmers<\/a><\/strong><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">On Thursday, Punjab\u2019s Finance Minister Mujtaba Shuja ur Rehman claimed that the farmers have sold almost all their wheat <\/span><span data-preserver-spaces=\"true\">crops<\/span><span data-preserver-spaces=\"true\">\u00a0to middlemen.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said that the federal government had purchased 3.2 million metric tonnes of wheat in the caretaker setup. \u201cWe still have 2.3mn metric tonnes of wheat in store,\u201d the <\/span><span data-preserver-spaces=\"true\">minister<\/span><span data-preserver-spaces=\"true\">\u00a0said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The government\u2019s decision didn\u2019t harm the <\/span><span data-preserver-spaces=\"true\">farmers<\/span><span data-preserver-spaces=\"true\">\u00a0as they\u00a0<\/span><span data-preserver-spaces=\"true\">had<\/span><span data-preserver-spaces=\"true\"> already sold their entire crop to the middlemen, he claimed.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe wheat\u2019s rate has also not drastically dropped and sold at 3,200 to 3,300 rupees per maund,\u201d the <\/span><span data-preserver-spaces=\"true\">provincial<\/span><span data-preserver-spaces=\"true\">\u00a0minister said. \u201cThis rate didn\u2019t harm the farmer but\u00a0<\/span><span data-preserver-spaces=\"true\">definitely<\/span><span data-preserver-spaces=\"true\"> their profit has dropped,\u201d the\u00a0<\/span><span data-preserver-spaces=\"true\">finance<\/span><span data-preserver-spaces=\"true\">\u00a0minister said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: The Punjab Food Department\u00a0has decided to withdraw from its practice of wheat procurement, sources said on Saturday. They further said that a new policy has been devised over the matter and it will become a law and with\u00a0that,\u00a0the food department\u2019s role in wheat procurement will come to an end. Sources said that in the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":36005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[16774,16773,16772],"class_list":["post-36004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-new-wheat-policy-punjab","tag-pakistan-wheat-scandal","tag-punjab-wheat-crisis"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/36004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=36004"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/36004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/36005"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=36004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=36004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=36004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}