Pakistan

‘Sugar cartel will not be able to raise prices anymore’: Difficult days over, says PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan on Thursday said that in future there would be no crisis of sugar and wheat, as comprehensive planning has been thrashed out in this regard.

The prime minister said exports had increased by 24 percent, no addition was made to loans during the last four months and Pakistan’s current account had gone surplus in the last quarter after 17 years.

Addressing the New Pakistan Certificate (NPC) launching ceremony here, the prime minister said he was proud that due to the government efforts on economic reforms, the current account had gone into surplus, billing it a great achievement. He pointed out that Pakistan’s stock market was the best in Asia and rupee had also been stabilised without injecting dollars into the market, which meant the economy was in a good condition and the indicators were positive. There were two challenges i.e. food inflation, which was also being witnessed in India, and the situation related to wheat and sugar. The PM, however, said in categorical terms that in future there would be no such situation in relation to sugar and wheat. He noted that two wheat crops were below estimates due to climate change, as rains were received at the wrong time and that affected the supply chain.

Related posts

8 killed, dozens injured as coach overturns near Rohri bypass

Daily News

Army major, among three, martyred in gun fights with terrorists in KP

Daily News

‘Shining, secular India no more’: FM Qureshi urges Biden administration to recognise new realities

Daily News

Four dead as rainfall hits Karachi

Daily News

Miftah Ismail’s request for vote recount in NA-249 by-poll accepted

Daily News

Amid ruckus, CM Sindh Murad Ali Shah unveils ‘tax-free’ Rs1.71tr Sindh budget

Daily News

Leave a Comment