Prime minister says wheat available in abundance for domestic needs, vows no leniency for hoarders

Prime Minister Shehbaz Sharif addressed a National Agricultural and Food Security Council meeting in Islamabad, stating that wheat was available in abundance to meet domestic needs. He emphasized that no leniency would be shown to those hoarding wheat. The prime minister stressed the importance of determining a fair price for wheat before sowing, ensuring farmers receive proper compensation for their labor.

The decision on wheat pricing would be made in consultation with the provinces and announced shortly, he added. Agriculture was described as the backbone of the national economy, potentially setting Pakistan's economy on a growth trajectory in the short term. Punjab Chief Minister Maryam Nawaz and Sindh Food Minister were present at the meeting, praising efforts to develop farmers, aquaculture, shrimp farming, and provide direct subsidies to farmers through the Kisan Card.

The prime minister highlighted the livestock sector's potential for boosting national exports and pledged support for agriculture development, including providing fertilizers, quality seeds, modern machinery, and technical capabilities at low costs. Ensuring fair prices for farmers, particularly small and medium-scale farmers, was also a priority.

Last week, National Food Security Minister Rana Tanveer Hussain mentioned that Rabi crop targets would be finalized after an illustrative wheat price announcement, acknowledging the challenges farmers faced due to rising input, energy, and transportation costs.