May 8, 2022
1 min read

Shehbaz ready to fight ‘tooth and nail’ against inflation

The reason for this shortage is reduced area under wheat cultivation, shortage of water and fertilizer, and delay in the announcement of support price….reports Asian Lite News

As the wheat production is estimated to fall short by almost three million tonnes this year, Pakistan Prime Minister Shehbaz Sharif said that he will reduce the flour price even if he has to sell clothes.

While addressing a public gathering of Pakistan Muslim League Nawaz (PML-N) in Bisham tehsil of Khyber Pakhtunkhwa’s Shangla district, Sharif vowed to reduce flour prices in the province.

Sharif announced that he knew well how to reduce flour prices in the province. He directed the provincial government to make the reduction in the flour prices at its own expense, ARY News reported.

According to the Dawn newspaper, the country’s Prime Minister’s Office (PMO) on Saturday said that wheat production is projected to be 26.173 million tonnes against a target of 28.89 million tonnes while the estimated consumption would be around 30.79m tonnes.

Pic credits IANS

The reason for this shortage is reduced area under wheat cultivation, shortage of water and fertilizer, and delay in the announcement of support price. Among other issues are oil price hikes and an earlier-than-usual heatwave.

These reasons had led to a shortfall of two per cent in production. The ongoing Russia-Ukraine war has also posed a severe shortage of wheat in Pakistan.

Sharif further criticised Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government and said that the certificates of traitors and loyalists are being distributed instead of working on a plan to provide fundamental rights to the citizens, the Pakistani media reported.

He continued by saying that the PTI government had acquired the highest loans in history but it did not invest anything in development and public welfare projects, ARY News reported.

The national economy was destroyed for not taking timely decisions to purchase oil and gas, he added. (ANI)

ALSO READ: Ashtar Ausaf Ali appointed as new Attorney General for Pakistan
Previous Story

Here’s what Musk plans for Twitter

Next Story

Abu Dhabi set to announce summer campaign at Arabian Travel Market

Previous Story

Here’s what Musk plans for Twitter

Next Story

Abu Dhabi set to announce summer campaign at Arabian Travel Market

Latest from -Top News

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

Hasina return speculation grows as Dhaka stays silent

A fresh passport application by former Bangladesh Prime Minister Sheikh Hasina has triggered renewed political and diplomatic debate over her possible return…reports Asian Lite News Desk Bangladesh’s newly appointed Foreign Secretary Salahuddin

Ukraine Talks Head to UAE

Russia, Ukraine and the US are preparing for fresh trilateral talks in Abu Dhabi on November 10 and 11, as diplomatic efforts to end the war gather pace….reports Asian Lite News Desk

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News
Go toTop

Don't Miss

Opposition scared of polls: Imran

The premier said the country will never move towards development

Putin’s visit to Pakistan on the cards

Both Pakistan and Russia have been working to materialise Putin’s