Financial Times FT.com

Pakistan boosts stocks to cap wheat price

By Farhan Bokhari in Lahore

Published: April 24 2008 01:04 | Last updated: April 24 2008 03:12

Pakistan on Wednesday intensified its efforts to build up wheat stocks in a bid to contain a growing public disquiet over fast rising prices of flour.

After a cabinet meeting in Islamabad, the government announced plans to build a strategic reserve of up to 5m tonnes of wheat while “urgent planning is being done to import between 1m-1.5m tonnes”, said Sherry Rehman, the information minister.

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