Wheat market: A bright opportunity for Pakistan
By Riffat Mughal KARACHI: Wheat production in upcoming year is an opportunity for government to recover its losses, occurred due to damaged of crops in Kharif season. By increasing acreage for wheat production in the crop growing areas of Sindh and Punjab Pakistan can be able to produce wheat more than the target. Higher wheat production would not only allow fulfillment of domestic requirements but would allow Pakistan to export more and earn higher foreign exchange. Pakistan’s wheat production is expected to grow by 3.24 percent during the fiscal year 2011-12 (FY11-12). Government has set the target of 25 million tonnes in current FY11-12. Devastating floods and heavy rains in the Kharif season has destroyed production of crops including cotton, sugarcane, onion, tomatoes and others. Still water stands at the fields creating problems for the farmers, sowing for Rabi season. Rabi season has already started as the sowing of the crop in Pakistan started from b...