Tag: Wheat Subsidy

  • Price of 10kg flour bag reaches nearly Rs1,500 

    Price of 10kg flour bag reaches nearly Rs1,500 

    The price of ‘chakki’ flour has recently experienced an increase of Rs10 to Rs12 per kilogramme in Hyderabad, the second-largest city in the province of Sindh.  

    Consequently, the price of a 10-kg sack of flour has risen from Rs1,350 to Rs1,470.  

    In an official statement, ‘chakki’ owners explained that the surge in prices is attributed to the increased cost of wheat. They clarified that the price of a 100-kg sack of wheat has escalated by Rs3,000, elevating it from Rs8,500 to Rs11,500.  

    According to their assertions, the prevailing market rate for a 100-kg sack of wheat is Rs12,000.  

    Earlier this month in Karachi, the retail price of flour was established at Rs127 per kilogramme following successful negotiations between Karachi Commissioner Salim Rajput and the flour mills association.  

    During the discussions, the association agreed to retail the flour at Rs127 and wholesale it at Rs120 per kilogramme in the city.  

    Furthermore, the wholesale market prices were set at Rs130 per kilogramme for fine flour and Rs134 per kilogramme for retail.  

    Meanwhile, there has been a noticeable increase in prices for sugar, flour, and other essential commodities at utility stores nationwide.   

    The reported prices reveal that sugar is priced at Rs155 in utility stores, compared to Rs142.54 in the open market, representing a Rs12.46 disparity.  

    Similarly, a 20-kg bag of flour is priced at Rs2,840 in utility stores, with an open market price of Rs2,706.32, reflecting a Rs133.68 difference. 

  • Punjab food department ceases wheat quota subsidy 

    Punjab food department ceases wheat quota subsidy 

    The Punjab Food Department has decided to discontinue a substantial subsidy programme linked to the allocation of government wheat quotas. 

    Officials responsible for this matter have informed the media that the government has set the price of wheat at Rs3,900 per maund, with the distribution of wheat from the government quota to flour mills commencing on October 15th.  

    Within the framework of the government quota, wheat will be made available to 1,000 operational flour mills at a rate of Rs4,450 per maund.  

    In the wake of the issuance of government wheat quotas, a 20-kilogramme bag of flour will be retailed at Rs2,600, while in the open market, the same 20-kilogramme bag of flour is currently selling for Rs2,750.  

    These officials have also disclosed that the Punjab Food Department currently maintains a wheat stockpile of over 40 lakh tonnes.  

    Read more: IMF urges Pakistan to increase taxation on the rich and ‘protect the poor’ 

    In June, the Punjab Food Department had temporarily halted the allocation of wheat quotas to flour mills, opting instead to conduct wheat auctions in accordance with the regulations set forth by the Public Procurement Regulatory Authority (PPRA).  

    As reported by ARY News, the Punjab Food Secretary mentioned that mill owners are eligible to participate in these auctions.  

    Furthermore, the provincial government is contemplating the provision of direct subsidies on flour, with these measures aimed at curbing any irregularities associated with the allocation of wheat quotas.