Russian ship carrying wheat docks at Karachi

On Sunday, the first shipment of wheat imported from Russia by the private sector arrived at the Karachi port.

According to sources, the private sector would import wheat from Russia at a cost of $279 per metric tonne, while the ex-mill price of sugar is expected to fall to Rs 92 per kg following the arrival of Russian wheat.

Earlier this month, a Russian ship carrying 50,000 tonnes of wheat arrived at Gwadar Port. After Pakistan had a wheat shortfall and a flour crisis, the government began importing wheat from Russia.

Wheat flour prices reached an all-time high earlier this month as rates for 10- and 20-kilogram flour bags increased by Rs50 and Rs20, respectively.