Federal Minister Rana Tanveer Hussain announced that Pakistan may import wheat worth $1.5 billion next year. He spoke at a National Assembly committee meeting about urgent food security concerns. The minister warned that local wheat production could fall by up to 50 percent this year. He said the government plans to introduce a new wheat policy soon to address the issue.
He further revealed that the wheat policy will likely be announced in the first week of October. The policy aims to set a support price for wheat to protect farmers and consumers. Rana Tanveer also mentioned ongoing talks with the International Monetary Fund (IMF) about this plan. These discussions focus on securing funds and managing import costs effectively.
In addition to wheat, the minister discussed sugar imports during the committee session. Pakistan is importing $150 million worth of sugar due to supply challenges. He explained that despite a good sugarcane crop, floods and market manipulation raised sugar prices. The government is working to control prices and ensure sugar availability across the country.
The minister emphasized that these import plans are essential to avoid food shortages. He urged quick policy actions to stabilize markets before the next harvest. He also warned that without timely steps, food prices could rise sharply, affecting millions.
Overall, Rana Tanveer’s statements reflect Pakistan’s growing food security challenges. The government seeks to balance imports with local production support. This strategy aims to protect consumers while helping farmers in difficult times.