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The wheat controversy is downplayed by Anwar-ul-Haq Kakar as a “storm in a teacup.”

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The complexity of the wheat import procedure must be understood, according to Kakar.

He outlined government initiatives to reduce tax burdens, enable wheat purchases by the private sector, and raise money through import taxes.

The previous acting prime minister emphasised that the country’s wheat demand was taken into consideration while deciding whether to let private sector imports of wheat in order to keep supply and demand ratios in check.

Asserting that the Pakistan Bureau of Statistics (PBS) records corroborate his assertion, he attributed the country’s decline in inflation to the activities of the caretaker administration, while rejecting the accusations of corruption and crises.

The last acting prime minister disclosed during a question-and-answer session that he had pushed the private sector to benefit from the opening of wheat imports since it had an impact on the world supply chain.

In order to preserve the equilibrium of supply and demand, he thought it was a smart move for the PTI administration to issue Statutory Regulatory Orders (SROs) to import wheat during the COVID era.

The previous government had given the private sector permission to import wheat, he noted, therefore no new legislation were passed regarding it.

According to Kakar, the government should play a regulatory rather than an interventionist role in market dynamics.

The PDM government ended on August 8 and was replaced by caretaker government on August 9, according to Kakar during the first segment of the programme.

A thorough discussion about the alleged shortage of 3 to 4 million metric tonnes of wheat followed the estimation made at the Economic Coordination Committee (ECC) meeting that the nation would need 3 to 4 million tonnes of wheat to meet its requirements.

At the time, 1.4 million tonnes of wheat, including extra stock, were in stock. The process for addressing the wheat shortfall was examined, and it was disclosed that wheat is acquired through TCP, according to Kakar.

Following the scarcity, the process for resolving the wheat deficit was examined, with particular attention paid to obtaining wheat via the Trading Corporation of Pakistan (TCP).

The federal government launches wheat and fertiliser imports depending on information received from the provinces, as former Caretaker Prime Minister Anwar-ul-Haq Kakar further emphasised.

The earlier caretaker administration, he continued, set aside Rs 297 billion specifically for TCP’s purchase activities with the goal of keeping a 1 million-tonne wheat strategic stockpile.

The International Monetary Fund (IMF) has expressed concerns about TCP’s procurement practices, and there have been complaints made about the organization’s methods. TCP is the source of wheat.

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Gold prices in Pakistan approach an all-time high.

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Following a substantial surge the prior day, gold prices in Pakistan are ascending to unprecedented levels with an additional gain on Thursday, coinciding with a rise in global precious metal rates.

The price of 24-karat gold in the local market rose by Rs700 per tola, reaching Rs277,900, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Likewise, the cost of 10 grams of 24-karat gold increased by Rs600, currently priced at Rs238,254.

Globally, gold prices exhibited an upward trend, increasing by $7 throughout the day. The APGJSA reports that the international gold price was $2,682 per ounce.

Notwithstanding the increase in gold prices, the silver market exhibited stability, with the price of silver maintained at Rs3,050 per tola.

In the previous month, gold prices in Pakistan reached an unprecedented high of Rs 277,000 a tola, driven by substantial gains in the worldwide market.

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A further relief shipment from Pakistan departs for Gaza and Lebanon.

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Following the Prime Minister’s directions, the National Disaster Management Authority (NDMA) persists in delivering humanitarian assistance to the war-affected populations of Gaza and Lebanon.

The second cargo of supplies was sent from Karachi to Lebanon today.

The relief package, dispatched by the NDMA in partnership with the Al-Khidmat Foundation, consists of roughly 100 tons of provisions, including pharmaceuticals, ready-to-eat meat, tents, tarpaulins, thermal bedding, winter apparel, and powdered milk.

The assistance was sent by air from Jinnah International Airport in Karachi to Beirut, Lebanon.

The farewell ceremony at Jinnah International Airport was attended by representatives from the NDMA, the Ministry of Foreign Affairs, the Al-Khidmat Foundation, and local authorities.

The delegates underscored the pressing necessity to deliver assistance to the war-affected populations of Palestine and Lebanon, in light of the continuing conflict and the requirements of the impacted communities.

They reiterated the Government’s dedication to assisting their compatriots in need and emphasized the significance of cooperation among welfare groups and the Pakistani populace in enhancing these initiatives.

This constitutes Pakistan’s twelfth aid shipment to Palestine and Lebanon. Previously, ten relief shipments were dispatched to Palestine.

The Government of Pakistan persists in dispatching relief supplies according to the need of the war-affected populations in Lebanon.

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Speech Made by Pakistan’s Prime Minister on the International Day Against Poverty

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In renewing our commitment to a world where no one is left behind and where possibilities for success are unrestricted by one’s origin or circumstances, Pakistan stands together with the global community on this International Day for the Eradication of Poverty. In addition to being morally right, ending poverty is essential to attaining sustainable development and guaranteeing everyone’s peace and prosperity.

The people have always been the center of every policy made by our government. We have significantly reduced poverty and made sure that our most vulnerable residents are taken care of thanks to our social safety net programs. We think that providing long-term routes to economic empowerment is equally as important as providing instant relief when it comes to assisting people in escaping poverty. Our focused initiatives seek to equip communities—women and children in particular—with the means to create better futures for themselves.

The Pakistani government is steadfast in its commitment to improving the affordability of living for its citizens despite the obstacles we face on a global scale, such as inflation and economic instability. Our policies are designed to build long-term economic resilience, from meeting housing needs to guaranteeing food security. With the help of programs like the PM Youth Business, Agriculture Loans, Digi-Skills, which offers free IT training, and the Pakistan Education Endowment Fund, millions of families are receiving financial support and technological help that is changing their lives.

Eradicating poverty is also a top priority for Pakistan, which is still fully committed to reaching the 17 Sustainable Development Goals (SDGs). With a focus on inclusive growth, education, healthcare, and environmental sustainability, we will keep working together with our international partners to achieve these goals. The advancements made in empowering women and guaranteeing that their contributions are essential to the country’s social and economic fabric are another reason for pride.

On this day, I would want to express my sincere gratitude to everyone who is devotedly striving to end poverty, both in Pakistan and globally. We can create a future where everyone, regardless of circumstances, has the chance to flourish and succeed by uniting with a shared purpose and unwavering determination.

I speak on behalf of the Government of Pakistan to reiterate our steadfast commitment to this cause and to extend an invitation to all facets of society to work with us to create a world that is more wealthy, just, and inclusive.

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