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Murad fears higher wheat prices in Punjab may destabilise market

KARACHI: Chief Minister Syed Murad Ali Shah said on Thursday that wheat and flour prices were stable in Sindh but their higher prices in Punjab might destabilise the market here.

He was presiding over a review meeting of wheat stocks and prices at the CM House which was attended by Food Minister Hari Ram, Chief Secretary Mumtaz Ali Shah, Food Secretary Laiq Ahmed and other officials.

Briefing the meeting, when the food secretary said that supply and prices of wheat and flour were stable in the province, the CM apprehended that high prices in Punjab might destabilise the market in Sindh.

It may be noted that normal releases of wheat by the food department start in September.

The CM said the federal government should release wheat earlier on the pattern of Punjab so that its prices could be stabilised in the market.

Mr Shah directed the food department to prepare the overall position of wheat production and availability in the country. “The matter of price fixation and release of wheat will be placed in the next cabinet meeting for discussion and decision,” he said.

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