Pakistan Flour Price
Pakistan: Flour price may spike in Punjab
Islamabad: Pakistani households may find trouble in the upcoming days as flour price is set to increase by a staggering 22.73 per cent – from the current official price of Rs860 per 20 kilo to Rs1,100, media reports said.
The new flour price, however, will be 10.57 per cent less than the current market price which had hit Rs1,230 per 20kg because of an exceptional increase in wheat price during the last six weeks: wheat hit at the rate of Rs2,200 per 40kg, reports Dawn News.
However, if the last official price is something to go by, the increase per 20kg bag will be Rs 240. Last year, Punjab had a release price of Rs 1,475 per 40kg and had allowed millers to sell a 20kg bag at Rs 860 after adding grinding charges of Rs105 per bag. The newly announced price of Rs1,950 per 40kg (or 24.36pc more) is bound to reflect in new price: Rs 975 wheat charges, Rs105 grinding charges and Rs 20 transportation charges and profit margin) and a market price of around Rs 1,100 per 40kg, the newspaper reported.
“The Punjab had also recommended the same price which Special Assistant to Prime Minister Jamshaid Iqbal Cheema hinted at on Wednesday,” an official of the Provincial Food Department told Dawn News.
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