Abb Takk News

Flour Price Goes up to Rs 70 per Kg

KARACHI: The price of flour has gone up by up Rs6 per kg across the country with the commodity being sold at Rs70 per kg in Lahore, Karachi and other cities.

Prime Minister Imran Khan, who was seeking proposals to reduce the rates of edible items and other essential commodities during a meeting held just a day earlier, has taken notice of the sudden spike in flour price and ordered the authorities concerned to take urgent remedial measures.

This is the second time that the price of flour has increased in the past two weeks. The price of the commodity price has jacked up by Rs20 during the tenure of the PTI government.

The Flour Mills Association has notified the increase in price complaining that mill owners had not received any subsidy from the government.

“The price was increased after a surge in wheat price,” a statement issued by the association read. “The situation has turned worse because of the government’s [new] electricity and gas tariff.”

The premier has assigned the task of bringing the flour price down to Federal Minister for National Food Security and Research Khusro Bakhtiar and senior PTI leader Jahangir Tareen. He has also discussed the matter with the chief ministers of Punjab and Khyber-Pakhtunkhwa.

The government is planning to release 0.1 million tons of wheat to Khyber-Pakhtunkhwa from the Pakistan Agricultural Storage and Services Corporation (Passco).

It will also import 0.3 million tons wheat this year.

Earlier this week, flour mills had increased prices allegedly because of the suspension of wheat supply from government warehouses.