Govt urged to publish data on wheat stock
KARACHI: President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance, Chairman of the National Business Group Pakistan and Chairman of the FPCCI Policy Advisory Board, Mian Zahid Hussain has urged the government to publish data on available wheat stocks and deliveries to markets online, tighten monitoring against hoarding, and track flour prices and…
Pakistan's businessmen and intellectuals have called on the government to make wheat stock and market delivery data public online, strengthen anti-hoarding measures, and monitor flour prices and availability at the district level. Chairman of the National Business Group Pakistan, Mian Zahid Hussain, suggested that the State Bank's recent 50-basis point interest rate hike to curb inflation may negatively impact businesses' borrowing costs.
Hussain welcomed the decline in annual inflation from 10.3% in September to 9.6% in October 2026, but noted that consumer prices still rose by 1.1% compared to September. The country's inflation averaged 10.05% in the first four months of the fiscal year, up from 4.79% in the same period last year. Prices of wheat flour, petrol, and other essentials have been pushing down consumers' purchasing power.
Monthly wholesale inflation slowed from 1.9% to 0.9%, but annual wholesale inflation rose to 13.8% due to sharp increases in the cost of furnace oil, diesel, and wheat.
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