Vice President of Pakistan Businesses Forum (PBF), Ahmad Jawad has called upon the government to impose a ban on wheat exports of local grains in the wake of serious repercussion of the Russia-Ukraine war, which will disrupt the supply of wheat in the international market.
In a statement issued here on Saturday, he said that although an earlier announcement by the Prime Minister last week to import two million tons of wheat from Russia reverberated a similar sentiment, the announcement did not accompany a proposed timeline, and was interpreted as a move to buttress country’s strategic reserves. Now, only a bumper yield can help save the day and protect the country from an exorbitant import bill in the midst of a global price spiral, he added.
Ahmad Jawad suggested the government to maintain wheat stocks through procurement during the on-going harvest and put a stop to wheat exports in all scenarios.
