The private sector benefited by importing extra wheat, but due to the wrong decisions made by the bureaucracy, the country suffered a loss of one to one and a half billion dollars.
According to sources, the National Food Security sought permission to import 3.5 million tons of wheat despite the abundance of the crop, which was approved by the ECC. As per the sources, the private sector was allowed to import the wheat on the recommendation of the National Food Security, which originally proposed to import 1 million tons.
The Federal Secretary of National Food Security allowed everyone to order wheat, and by April 1, 2024, the government had 4.3 million tons in stock. Sources claim that there was no need for importation due to the arrival of a new crop in Sindh in March. The value of the dollar decreased as a result of these events.
