Flour prices are expected to go down across the country following the arrival of three ships carrying wheat imported by the private sector.
Earlier, the supply of the staple crop dropped in Pakistan owing to bad weather, Covid-19 lockdown and mismanagement in the commodity’s procurement. Owing to the scarcity, the price of a 10kg bag of flour increased from Rs600 to Rs700 a few months ago.
In response to the price hike, the Economic Coordination Committee (ECC) of the cabinet gave the go-ahead to the private sector for import of 2.5 million tons of wheat in late June aimed at bridging the demand-supply gap and reducing the prices.
“At Karachi Port, two out of three ships carrying wheat have been offloaded,” said Cereal Association of Pakistan Chairman Muzammil Chappal. “Two more ships are on their way to Pakistan waters and will be docked next week.”