Pakistan Bans Wheat Import and Flour Export to Manage Surplus

The Pakistani government has taken steps to regulate the country’s wheat market by banning the import of wheat and the export of flour. This decision was announced by the Ministry of Commerce and is part of an amendment to the Import and Export Policy Orders 2022.

Prime Minister Shehbaz Sharif addressed the National Assembly, stating, “No decision has been made for the export of wheat. I want to bring it on record before the House that there is no such decision for the wheat export.”

Additionally, a new amendment has been passed by the Senate, granting the government the power to remove members of state-owned enterprises (SOEs) based on recommendations from the board nomination committee. This amendment will become law once signed by President Asif Ali Zardari.