ISLAMABAD: The National Assembly was informed on Thursday that the government had decided to import wheat and sugar to avoid shortage and price hike.
To a question during question hour, Parliamentary Secretary for Finance Zain Hussain Qureshi said four million metric tons of wheat and sufficient quantity of sugar would be imported to maintain strategic reserves of the commodities.
To another question, Parliamentary Secretary for Commerce Aliya Hamza Malik said Pakistan’s exports were increasing by 13.4 percent and had reached to 21 billion dollars during the first 10 months of the current fiscal year, which was unprecedented in the history of Pakistan. She expressed the hope that the exports will touch the mark of 25 billion dollars in the coming days.
Regarding price hike in the country, Aliya Hamza Malik said rising inflation had been observed across the world because of supply and demand disruption due to the pandemic. She said Iran recorded inflation at 49.5 percent and Turkey 17.1 percent, while Pakistan witnessed a price hike of just 8.6 percent during this fiscal year.