In April 2024, the Punjab government announced a minimum support price of wheat at Rs 3,900 per 40 kilograms for the 2023-2024 year. This price was approved by the provincial cabinet.
Explanation
The Punjab government also approved the wheat procurement policy for 2024-2025.
The government of Khyber Pakhtunkhwa also decided to buy 300,000 metric tons of local wheat at Rs 3,900 per 40 kilograms.
The government allocated Rs 29 billion for the purchase of wheat.
The government of Punjab approved the release price of wheat at Rs 4,700 per 40 kilograms, which includes the cost of bardana.
Wheat is one of the most strategic crops globally, and has been a big challenge for many governments. The government of Pakistan has been struggling to fix wheat prices in the country due to weak governance and mismanagement.
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