Govt increases prices of wheat flour, sugar and ghee in utility stores
Business
Govt increases prices of wheat flour, sugar and ghee in utility stores
ISLAMABAD (Web News) - The Shehbaz-led government has increased the prices of wheat flour, sugar and ghee by 25 to 62 per cent for sale through the Utility Stores Corporation (USC) with immediate effect.
The users of the Benazir Income Support Programme (BISP) would be exempt from the price increase.
Authorities have cut the limit for subsidised purchases from the USC.
The new rates were notified by the USC on New Year’s Eve on Saturday after the federal cabinet last week approved Finance Minister Ishaq Dar’s recommendation to clear a hybrid model of subsidies involving targeted and untargeted elements of the prime minister’s relief package.
Under the new rates, the the price of sugar has been raised from Rs70 per kg to Rs89, an increase of 27pc. Likewise, the price of ghee has been jacked up by Rs75 per kg to Rs375, while wheat flour price has been upped by 62pc to Rs64.8 per kg from Rs40 at present.
