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Wheat scandal: Food Security Secretary sacked by PM Sharif

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8 months ago

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The prime minister named Muhammad Fakhar-e-Alam as the new secretary and fired Food Security Secretary Muhammad Asif with immediate effect.

Muhammad Fakhar-e-Alam’s appointment has also been announced by the Establishment Division.

After the premier learned of the incident involving the import of wheat, the following happened.

Startling information was disclosed in the first publications about the wheat import controversy.

It has been reported by sources that the first assessment blamed the federal institutions for importing wheat needlessly. A further 35.87 lakh metric tons were imported, inflicting an artificial shortage, despite Punjab’s 40.47 lakh metric tons of reserves already in place.

The Punjab Food Department and Pasco officials are suspected of being involved in the fraud, according to sources in the paper.

The inquiry has revealed that wheat was imported for between Rs 2600 and Rs 2900 per maund, and was then sold for Rs 4700 per maund more than the original cost.

One million metric tons of import authorization were authorized; however, sources stated that this amount was exceeded without restriction.

According to sources, several Ministry of Finance officials neglected to closely monitor the massive import of wheat, and federal institutions permitted private enterprises to import it without doing the necessary checks.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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