Pakistan: Govt hikes wheat flour price by 62pc in utility stores

Source:  DAWN
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The 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 to reduce the impact of untargeted subsidies.

The beneficiaries of the Benazir Income Support Programme (BISP) would be exempt from the price increase, while the limit for subsidised purchases from the USC has also been curtailed.

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 that went effective on Sunday, 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 increased by 62pc to Rs64.8 per kg from Rs40 at present.

Per-kilogram rate raised by Rs25, sugar up by Rs19, ghee by Rs75; BISP beneficiaries, citizens with poverty score of PMT-32 or below exempted

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