The first import shipment carrying privately procured 55,000 tons of wheat has left Russia for Pakistan and will reach Karachi Port on September 8.
Second shipment of the commodity is set to arrive on September 14. According to importers, 4 lakh tonnes of wheat have been purchased so far.
The private sector will import more than 9 lakh tonnes, most of which will be supplied in Karachi. At present, flour mills in the city are facing difficulties in getting wheat supplies, which has caused price instability.
The flour mills involved in market speculation tried to sabotage wheat imports by the private sector but failed.
Moreover, intelligence agencies have started preparing a list of flour mills and hoarders in Rahim Yar Khan and Bahawalnagar, who were allegedly involved in illegal trading of wheat. Thus far, the intelligence agencies have found evidence against some of them.
Published in The Express Tribune, August 30th, 2023.
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