ECC approves reduction in prices of flour, sugar

Islamabad, May 09, 2022 (PPI-OT):Economic Coordination Committee (ECC) of the Cabinet has accorded approval to revision of prices of flour and sugar to provide continuous relief to lower strata of the society from global inflationary pressure. Its meeting was held in Islamabad on Monday with Minister for Finance and Revenue Miftah Ismail in the chair.

Under the new arrangement, the flour price has been reduced from 950 rupees 20 kg to 800 rupees 20 Kg, while Sugar price has been reduced from 85 rupees per kg to 70 rupees per kg. The meeting also ordered that discount of 190 rupees per kg on vegetable ghee will be continued. Government will continue to absorb the cost of subsidy for the benefit of common man.

Earlier, Ministry of Industries and Production submitted a summary on revision of the prices of Atta and Sugar under the Ramzan Relief Package-2022. The committee also directed the Utility Stores Corporation to continue to sell commodities at Ramzan relief package prices under Prime Minister’s Relief Package for the months of May and June 2022.

The meeting allowed PASSCO to procure an additional quantity of 0.50 MMT with the CCL of 28.50 billion rupees and permitted Punjab Food Department to procure additional quantity of 1.00 MMT with the CCL of 145.50 billion rupees in the wake of low production of wheat in the country due to previous government’s failure to provide fertilizers to the growers on time. The Chair said that Sindh government will be allowed to procure additional quantity of Wheat, once it meets the current procurement target.

Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal Chaudhary, Federal Minister for Industries and Production Syed Murtaza Mahmud, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Mr. Musaddik Masood Malik, Federal secretaries and senior officers attended the meeting.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

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