Shehbaz Sharif informed about 300 billion rupees wheat scandal

Prime Minister Shehbaz Sharif has been informed about a significant wheat scandal that occurred during the caretaker government's tenure, resulting in a loss of over 300 billion rupees. The Ministry of National Food Security revealed that an excessive amount of wheat was imported under an organized plan, leading to financial repercussions.

During the caretaker government's term, the Ministry of Finance recommended granting the private sector a complete exemption on wheat import limits, along with waiving customs duty and general sales tax for wheat traders. This decision deviated from the usual protocol and contributed to the import surplus.

Despite a domestic wheat production of 28.18 million tonnes, an additional 2.45 million tonnes were imported, causing imbalances in procurement targets. The government agencies responsible for wheat procurement could only secure 5.87 million tonnes, falling short of the required 7.80 million tonnes.

Following the interim cabinet's approval, the Ministry of National Food Security bypassed recommendations from relevant authorities, exacerbating the situation. The delay in wheat purchases by provincial governments, particularly in Punjab and Balochistan, has led to market distortions, with farmers facing challenges due to lower-than-official prices.

In conclusion, the mismanagement of wheat imports and procurement during the caretaker government's term has raised concerns about financial losses and market instability. The investigation into this wheat scandal highlights the need for accountability and transparency in food security policies to safeguard the interests of farmers and consumers.