Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a s...
ISLAMABAD - Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a shortage of flour supplies that has created a crisis for the government of Prime Minister Imran Khan.
“It is not possible for me to sell bread for eight rupees a piece if I buy flour bags at high prices,” said Sheraz Khan, a shopkeeper in the garrison city of Rawalpindi, next to Islamabad, the capital. Monday’s import decision was made by the Economic Coordination Council, with the first shipment expected to arrive by Feb. 15, the finance ministry said in a statement, adding that it would wave regulatory duties on the grain, which could be shipped in until March 31.
Economic experts say it made no sense to export the wheat after poor crop yields in the last harvest, and called for an inquiry into the exports despite the ban.
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