LAHORE: The Punjab Food Department is addressing a significant debt of Rs 375 billion incurred from purchasing wheat on credit, with the current government actively working to repay this amount. In a recent press conference, Punjab Minister for Food Bilal Yasin and Information Minister Azma Bokhari emphasized that, for the first time in the province’s history, this debt is being reduced.
The ministers highlighted that Chief Minister Punjab has implemented measures aimed at providing relief to the people of Punjab. When the current administration assumed office, the price of flour in Punjab was Rs 2800 per unit, which has now been cut by 50%. Additionally, the price of roti has been reduced from Rs 20-25 to Rs 12-14 across the province. The ministers stressed that there will be no compromise on food quality and prices, and warned that strict action will be taken against flour mills involved in price manipulation.
The Food Department’s debt of Rs 375 billion, accumulated from wheat purchases on credit, is being systematically paid off by the government. For the first time, the debt is decreasing in May and June, and timely payments are being ensured. The government is also moving towards a loan-free status with billions of rupees worth of wheat available.
