President pushes for private sector loans to enhance wheat storage

June 12, 2024 (MLN): To ensure food security and meet the future needs of the country, soft loans should be extended to the private sector to construct silos and modern wheat storage facilities to meet the food needs of the growing population, President Asif Ali Zardari stated during a meeting to discuss issues related to wheat procurement in the country.

The President called for providing a reasonable wheat price, making timely interventions, and streamlining the procurement process to protect the interest of farmers.

He said that farmers needed to be supported and encouraged, which would help increase wheat production in the country.

He regretted that farmers could not get a reasonable price for the wheat crop as well as faced problems in getting the wheat procurement bags (Bar Dana).

During the meeting, the President was briefed about the issues faced by farmers regarding wheat procurement and the distribution of Bar Dana to farmers.

Speaking on the occasion, the President highlighted that almost 65% of the country’s population was residing in rural areas and providing adequate wheat prices to farmers would help boost the rural economy.

The President stressed the need for the availability of credible data regarding crops to make timely policy interventions as well as accurately predict the future food needs of the country. He also suggested that the agriculture sector should be deregulated.

Minister for National Food Security and Research (NFS&R), Mr Rana Tanveer Hussain, and senior officials of the Ministry of NFS&R and PASSCO attended the meeting.

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