KARACHI: Sindh government has started releasing wheat quota to flour mills across province in a bid to stablise flour prices. According to details, Sindh government would release 56,000 metric tonnes of wheat quota to flour mills till September 30.

Release of wheat would ultimately bring down flour prices in open market, officials said. However, flour mills in plea bargain with National Accountability Bureau would not be provided with a wheat quota. Wheat was being released at discounted rate of Rs 58.25 per kg.

Flour mills in Karachi would get 22,400 metric tonnes of imported wheat, while respected quota will be issued to mills in Sukkur, Larkana, Shaheed Benazirabad and Mirpurkhas. Officials claimed that retail price of flour in Karachi has reached Rs 100 while chakki flour was being available at Rs 110 per kg. Earlier, Karachi Wholesalers Grocers Association Chairman Abdul Rauf Ibrahim expressed fear of flour crisis across country and inflated prices up to Rs 200 per kilogram.

Published in The Daily National Courier, September, 24 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.