The Punjab government on Friday approved the Wheat Policy 2026, setting a benchmark rate of Rs3,500 per maund for building large strategic wheat stocks aimed at protecting farmers and stabilising food markets.

Chief Minister Maryam Nawaz said the policy reflects the government’s commitment to supporting farmers, ensuring food security and protecting consumers through smart governance.

Under the new framework, wheat procurement, financing, storage and supply will be carried out by the private sector through registered “aggregators” under a public-private partnership (PPP) model, while the government will perform a regulatory and oversight role.

No direct government procurement will be carried out, and no funds will be spent from the public exchequer.

The benchmark price of Rs 3,500 per maund is intended to provide price protection to farmers and ensure the creation of sufficient strategic reserves through market mechanisms.

The policy also guarantees market access for farmers and provides for direct and timely digital payments to growers to improve transparency and reduce delays.

Monitoring will be conducted through Divisional Strategic Reserve Management Committees, which will oversee stock levels, procurement processes and supply arrangements across the province.

CM Maryam said Punjab was determined to help farmers, stabilise food markets and safeguard consumers through efficient regulation and modern governance systems.