Pakistan, Oct. 24 -- Prime Minister Shehbaz Sharif on Friday set the proposed price of wheat for 2027 at Rs4,500 per maund (40kg), marking an increase of Rs1,000 from last year's Rs3,500.

According to a statement issued by the Prime Minister's Office, the decision aims to address rising production costs, provide financial relief to farmers and encourage increased wheat cultivation in the upcoming season.

The prime minister said the revised price would help growers meet higher agricultural input costs, including rising fuel prices and inflationary pressures, while ensuring a reasonable profit.

The statement noted that farmers had faced financial difficulties in recent years due to escalating expenses, forcing Pakistan to import wheat ov...