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Govt weighs wheat product import, export | The Express Tribune – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Govt weighs wheat product import, export | The Express Tribune

Govt weighs wheat product import, export | The Express Tribune
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ISLAMABAD:

Federal Minister for National Food Security and Research, Rana Tanveer Hussain, met a delegation of the Pakistan Flour Mills Association (PFMA) to discuss critical issues in the wheat sector.

According to a statement issued Thursday by the ministry, the PFMA formally requested permission for the import-cum-export of wheat products to boost industrial activity, maintain supply chains, and enhance foreign exchange reserves.

The minister assured the delegation that the government is seriously evaluating the proposal. He emphasised that facilitating the trade of wheat-based products could strengthen the local flour milling industry, unlock international market opportunities, and contribute to foreign exchange earnings. “We are committed to supporting responsible trade policies that aid economic growth without compromising domestic food security,” he said.

Addressing concerns about the release of strategic wheat reserves, the minister clarified that stocks held by PASSCO are strictly reserved for emergencies and will not be released to the open market.

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