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Prime Minister Shehbaz Sharif on Friday set the illustrative price for wheat at Rs4,500 per maund for 2027, raising the procurement price set last year by Rs1,000.
“In view of the increase in production costs, the price had been raised by Rs1,000 per maund compared to last year,” a statement by the PM’s Office (PMO) said.
It quoted the premier as saying that the decision was taken with the guidance of President Asif Ali Zardari and PML-N President Nawaz Sharif and in consultation with the chief ministers of Punjab and Sindh.
The PMO statement added that the prime minister’s decision was aimed at “promoting agriculture sector in the country, protecting farmers’ economic interests and increasing wheat production next year”.
Moreover, the statement quoted PM Shehbaz as saying that the government’s objective behind increasing the proposed wheat procurement price was to provide relief to farmers amid rising production and fuel costs, as well as inflation pressure.
“Providing farmers with an incentive to cultivate wheat is among the key objectives of the decision,” the prime minister said.
He expressed hope that the new