Pakistan plans to import 200,000 tons of wheat to curb inflation

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Pakistan is planning to sign a memorandum of understanding with Russia to purchase about 200,000 tons of wheat as part of the government’s bid to curb inflation by boosting supplies of essential commodities.

Islamabad will soon sign the MoU on a government-to-government basis. Shipments from the transcontinental country are expected to arrive by December following the approval of proposal by the federal cabinet.

The world’s eighth-biggest wheat producer has already imported over 400,000 tons so far this year to build strategic reserves of the grain.