PM sets indicative wheat price at Rs4,500 per maund for 2027
Prime Minister Shehbaz Sharif on Friday set the illustrative price for wheat at Rs4,500 per maund for 2027, raising the procurement price set last year by Rs1,000. “In view of the increase in production costs, the price had been raised by Rs1,000 per maund compared to last year,” a statement by the PM’s Office (PMO) said. It quoted the premier as saying that the decision was taken with the…
Prime Minister Shehbaz Sharif announced the indicative wheat price at Rs4,500 per maund for 2027, marking a Rs1,000 increase from last year. The decision followed consultations with Punjab and Sindh Chief Ministers, President Asif Ali Zardari, and PML-N President Nawaz Sharif. The government aimed to promote agriculture, protect farmers, and boost production.
Shehbaz emphasized the decision would provide relief to farmers amid inflation, rising production costs, and inflation pressure. The minister hoped the new price would help farmers cover costs and earn profits. He expressed confidence that it would strengthen food security, encourage local production, and improve the agricultural sector.
The proposed price is still Rs500 below the demand from the Pakistan Kissan Ittehad, which had warned farmers may not sow wheat next season if the government delayed announcing crop policies. The government expected the decision to generate interest among farmers in wheat cultivation, leading to increased sowing and brighter prospects for national production.
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