Federal Government is expected to buy 40,000 tons of both gram beans and Moong Pulses to keep them as strategic reserves to achieve price stability in local markets.

One official said that the Special Assistant to the Prime Minister on Food Security met with Finance Minister Shaukat Tarin and discussed strategy for growing strategic Reserves of food commodities.

On Wednesday, the Ministry of National Food Safety and Research will submit to the Economic Coordination Committee for approval of the procurement of 40,000 tonnes of pike and grams to maintain strategic stocks.

The official said the Food Security SAPM manages the creation of strategic inventory and updates the National Price Monitoring Committee on weekly basis.

Food security SAPM was asked to provide all information on the purchase of pulses, including the cost, according to the department.

The minister said the government is taking steps to maintain strategic reserves of wheat, sugar and pulses.

He said 600,000 tons of sugar would be imported along with wheat to build strategic stocks and sold at subsidized prices.

District administrations were required to sell both goods at fixed prices; All these measures were taken to stabilize prices for basic materials in the short term, he said.

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