But the sale proceeds of the imported wheat are esti-mated at Rs66 billion, need-ing Rs24 billion subsidy. The Punjab government has procured 4.3 million tonnes of wheat at Rs209 billion but its estimated sale proceeds are Rs160 billion, requiring Rs49 billion subsidy on the domestic stock. The provincial government is also getting 700,000 metric tonnes from the imported wheat which will cost Rs34 billion. The province expects Rs46 billion sale proceeds, hence it will need to pay Rs9 billion subsidy. In total, Sindh is spending Rs64 bil-lion on local and imported wheat but will earn Rs53 billion, resulting in a hole of Rs11 billion.The Khyber-Pakhtunkhwa (K-P) government is spending Rs30 billion on wheat procurement from local and foreign sources but it will earn Rs20 billion.

Source: The Express Tribune November 10, 2020 06:22 UTC