Chief Minister Sindh Syed Qaim Ali Shah holds meeting to review releases of wheat crop-2011

Chief Minister Sindh Syed Qaim Ali Shah holds meeting to review releases of wheat crop-2011

Karachi: Chief Minister Sindh Syed Qaim Ali Shah today presided a meeting regarding releases of Wheat Crop-2011 at Chief Minister House. Chief Minister Sindh discussed the wheat position in the province together with supply of Wheat/Atta on subsidized rate to poor people during the Holy month of Ramzan. Sindh Food Minister and Secretary Food Sindh in their presentation informed the Chief Minister Sindh that the provincial food department has almost achieved its target of procurement of wheat, and as on 30.6.2011, the department has procured 1.403 million metric tonnes of wheat, as against the target of 1.500 MMT.

They informed that the department has a 1.523 MMT wheat stocks, which are sufficient for the province to cater the annual requirement. Regarding current position, the meeting was informed that the Government issue price is Rs.2550.00 per bag and the open market prices are slightly higher by Rs.100.00 per bag and there is pressure on Government stocks.

The chakky-owners of Hyderabad Region have also demanded the releases of wheat in the district, due to high price of wheat in open market, they added. They further said that the government is expected to sustain a loss ranging Rs.4058.870 million on the stocks of 1.200 MMT depending upon market rates which are however, fluctuating. The loss so accrue shall have to be borne by the Provincial Government, they said. They further added that wheat is perishable commodity and due to infestation, deterioration and prolong storage losing its quality and quantity.

Under the circumstances mentioned above and in order to stability to the market, they proposed that existing Issue Price may be implemented from July, 2011 onward. However, any increase in price definitely will cause increase in Atta price in the province, they said. Chief Minister Sindh approved that present subsidized rate of Rs.975/- per 40 K.g will be continued and in case of increase of price of wheat in market the subdized rate may be enhanced in consultation with Finance Department.

Chief Minister Sindh also directed Revenue and Food Department to properly monitor process of distribution of Atta being provided to poor people on concessional rate of Rs.21/- per k.g during the Holy month of Ramadan, as there are complaints that Atta is not being provided properly to poor. The meeting was attended by Sindh Food Minister Mir Nadir Ali Magsi, Minister Finance Syed Murad Ali Shah, Chief Secretary Sindh Raja Muhammad Abbas, Secretary Food Mr. Naseer Jamali, Secretary Finance Mr. Naveed Kamran Baloch, Secretary to C.M Sindh Mr. Alamuddin Bullo and others.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +9221 99202019
Cell: +92300-3524057 (Ext: 336)

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