Decision to limit govt role in wheat procurement hailed DNA
Pakistan Economy Watch (PEW) on Sunday lauded the government’s decision to curtail its role in wheat procurement to allow the private sector to play a bigger part. The World Bank has suggested reducing the public sector’s role in wheat procurement to maintain strategic reserves – which has prompted to reduce procurement target from 4.2 million tonnes to 3.5 million tonnes – which is a step in the right direction, it said. The government has planned to reduce annual grain procurement to one million tonnes and leave rest to the private sector which will stabilise prices, improve supply and reduce the financial burden on the exchequer, said Dr Murtaza Mughal, President PEW. The government is also working on a project to provide targeted subsidy to the poor in case of hike in flour prices which is a laudable decision. He said that the involvement of the government departments in wheat procurement has
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Daily Times
April 18, 2021
Federation of Pakistan Chambers of Commerce and Industry (FPCCI’s) National Business Group (NBG) has appointed Dr Murtaza Mughal as Convener of Central Standing Committee on Insurance for the year 2021. Chairman NBG Mian Zahid Hussian on Saturday issued a notification to the effect and asked the Convener to nominate experienced professionals as members of the Committee to play their role in the development of the said sector. It may be mentioned that Dr Murtaza Mughal has also served as Convener of FPCCI’s Central Standing Committee on Insurance for the year 2020. Commenting on the development Dr Mughal said that he is thankful for the confidence reposed in his person and he will try his best to promote economic activities through strengthening insurance sector.