Strategy being developed to deregulate wheat market

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ISLAMABAD: As part of the structural reforms being implemented under the on­­going IMF programme, the Ministry of National Food Security is working on developing a comprehensive strategy for deregulating the wheat market while ensuring strategic reserves and food security.

The strategy aims to transition from traditional procurement practices and introduce innovative soluti­ons to maintain wheat reserves in a deregulated market.

The ministry has decided to hold consultations with all stakeholders including provincial governments.

A ‘National Workshop on Deregulating the Wheat Sector’ will be held in Islamabad on January 24, which according to Minister for National Food Security and Research, Rana Tanveer Hussain, reflects the government’s dedication to ensuring food security while reforming the agricultural sector to meet modern demands.

Representatives from the four provinces have been invited to present strategies.

These presentations will address key challenges and propose actionable solutions for managing wheat reserves and ensuring food security.

In a press statement, the ministry of national food security reaffirmed its commitment to ensuring sustainable agricultural reforms that benefit all stakeholders.

Published in Dawn, January 22th, 2025

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