ISLAMABAD: Prime Minister Shehbaz Sharif has decided to set the proposed wheat price for 2027 at Rs4,500 per maund, aiming to encourage cultivation, protect farmers’ earnings and increase domestic wheat production.
The proposed rate is intended to help farmers cope with rising production costs and inflation by enabling them to recover their expenses and earn a reasonable profit. The prime minister expressed hope that the price incentive would encourage growers to cultivate more wheat in the next season.
The decision followed consultations involving President Asif Ali Zardari and PML-N leader Nawaz Sharif, along with Punjab Chief Minister Maryam Nawaz and Sindh Chief Minister Syed Murad Ali Shah.
Shehbaz Sharif thanked Maryam Nawaz for her valuable suggestions and cooperation during the consultations and also expressed gratitude to Murad Ali Shah for his support.
The prime minister said encouraging wheat cultivation was an important government objective, particularly as farmers had faced financial difficulties in recent years because of rising inflation and agricultural expenses.
Pakistan also had to import wheat during the past two years. The government expects the proposed price to encourage local farmers to expand cultivation, increase domestic output and strengthen the country’s ability to meet its food requirements.
The initiative is aimed at protecting farmers’ economic interests, supporting the agricultural sector and improving food security. The prime minister expressed hope that higher domestic production would help Pakistan move towards greater self-sufficiency in meeting its food needs.
However, the Rs4,500-per-maund rate has been described as a proposed or indicative price and should not be treated as a final, officially implemented procurement price until the relevant government announcement and implementation procedure are confirmed.
