LAHORE: In an effort to curb the rising prices of wheat and flour in the open market, the Punjab government has decided to intervene by releasing its grain stocks and proposing a fixed price of Rs2,900 per 40kg for public-sector wheat.

A summary recommending the release price is being sent to Chief Minister Maryam Nawaz for approval, a spokesperson for the Commodities and Price Control Department (formerly Food Department) said on Tuesday.

Currently, the department holds 0.89 million tonnes of carryover wheat stocks from last year’s procurement. Open market prices have surpassed Rs3,100 per 40kg,........

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