Flour prices see sharp hike at utility stores

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In the wake of expanding the costs of all oil based commodities by Rs30, the public authority has likewise climbed up flour costs — by more than 20% — at utility stores.

The new rates were passed on to all zonal directors in a May 26 notice gave by the Utility Stores Corporation of Pakistan, a duplicate of which is accessible with Dawn.com.

As indicated by the report, the deal cost of a 20kg pack of flour at ordinary and diversified stores has been expanded from Rs800 to Rs980. Essentially, the deal cost of a 10kg pack of flour at standard and diversified stores has been expanded from Rs400 to Rs490.

“Accounts officials are expected to by and by visit distribution centers/stores to plan value variety of atta and stock ought to be counted actually and report of stock ought to [be]shipped off Wheat and What Flour segment, Head Office,” it expressed.

“On the off chance that, any inconsistency/inadequacy is found at any stage, concerned official will be considered capable,” the notice added. It likewise said that the expense cost of flour would continue as before.

Miftah surrenders POL value climb would prompt expansion
The improvement comes as the public authority expanded petrol costs — the most noteworthy at any point expansion in the costs in one go — in a move pointed toward pacifying the International Monetary Fund for a financial bailout.

Talking at a swiftly called news meeting the previous evening, Finance Minister Miftah Ismail surrendered the climb in POL (oil based commodities) costs would increment expansion yet the other course was to allow the trade to rate break down and this would have expanded expansion with different results too.

He said the public authority took a considered choice to increment costs and would remain by it on the grounds that the decision was between the political interest of the party and that of the state.

He likewise government was as of now financing fuel costs to the degree of Rs120 billion out of the spending plan and poor people and the everyday person were sponsoring the rich and industrialists to run extravagance vehicles. Accordingly, utilization of oil based goods has expanded by more than 20%.

The pastor additionally yielded that the IMF had would not deliver one more tranche without the withdrawal of fuel and power appropriations, yet expressed conversations with the Fund were exceptionally sure and the furthest down the line choice would additionally lead towards positive results. “I can guarantee you that ideally we will accomplish a staff-level understanding” with the IMF, he said without giving dates.

The author is a media student at the Central University of Kashmir and can be reached at wasimnabi89@gmail.com

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