ISLAMABAD - In a bid to protect people from the higher prices in Ramazan, the government would give massive subsidy of Rs7.33 billion on three basic food commodities, wheat flour, sugar and ghee in the holy month.
The ECC had recently approved a summary tabled by Ministry of Industries and Production for Ramazan Relief Package 2022. The ECC after discussion approved Ramazan Relief Package 2022 for 19 essential items to be sold at subsidised rates at USCs with total subsidy of Rs 8.280 billion. The government would provide basic food commodities including sugar, flour, ghee, oil, pulses, rice, dates and other items at subsidised rates during the month of Ramazan.
According to the summary, the government would give massive subsidy of Rs7.33 billion out of Rs8.28 billion on just three items including wheat flour, sugar and ghee. Prices of these items are higher in the market, therefore the government would provide subsidy on these items at the state run Utility Stores Corporation. Under the package, the government would provide subsidy of Rs2.534 billion on wheat flour, Rs750 million on sugar, and Rs4.05 billion on ghee.
Meanwhile, on other 16 items, the government would provide Rs0.95 billion subsidy in the month of Ramazan. It would give subsidy of Rs300 million on oil, Rs30 million on daal channa, Rs10 million on daal moong (washed), Rs30 million on white gram, Rs50 million on baisen, Rs20 million on dates, Rs25 million on rice basmati, and Rs10 million on rice sella, etc.
The government would be providing Rs36.2 per kg subsidy on sale of 70,000 metric tons atta at the USC during Ramazan followed by Rs15 per kg subsidy on sale of 50,000 tons sugar, Rs135 per kg subsidy on sale of 30,000 metric tons ghee, Rs20 per kg on sale of 15,000 metric tons oil, Rs14 per kg on daal channa, Rs20 on daal moong washed, etc.
The package would be effective by the end of the current month (March) after getting approval from the federal cabinet. According to the summary, which was approved by the ECC, it is expected that more customers will be heading to USC outlets to get better prices than the open market, which will drive up USC sales. Since USC is now equipped with POS systems across its network, there is transparency and traceability of each transaction, which will enhance efficiency and control and will minimize cases of black marketing.
| Govt would provide subsidy of Rs2.534b on wheat flour, Rs750m on sugar, and Rs4.05b on ghee
The ECC had recently approved a summary tabled by Ministry of Industries and Production for Ramazan Relief Package 2022. The ECC after discussion approved Ramazan Relief Package 2022 for 19 essential items to be sold at subsidised rates at USCs with total subsidy of Rs 8.280 billion. The government would provide basic food commodities including sugar, flour, ghee, oil, pulses, rice, dates and other items at subsidised rates during the month of Ramazan.
According to the summary, the government would give massive subsidy of Rs7.33 billion out of Rs8.28 billion on just three items including wheat flour, sugar and ghee. Prices of these items are higher in the market, therefore the government would provide subsidy on these items at the state run Utility Stores Corporation. Under the package, the government would provide subsidy of Rs2.534 billion on wheat flour, Rs750 million on sugar, and Rs4.05 billion on ghee.
Meanwhile, on other 16 items, the government would provide Rs0.95 billion subsidy in the month of Ramazan. It would give subsidy of Rs300 million on oil, Rs30 million on daal channa, Rs10 million on daal moong (washed), Rs30 million on white gram, Rs50 million on baisen, Rs20 million on dates, Rs25 million on rice basmati, and Rs10 million on rice sella, etc.
The government would be providing Rs36.2 per kg subsidy on sale of 70,000 metric tons atta at the USC during Ramazan followed by Rs15 per kg subsidy on sale of 50,000 tons sugar, Rs135 per kg subsidy on sale of 30,000 metric tons ghee, Rs20 per kg on sale of 15,000 metric tons oil, Rs14 per kg on daal channa, Rs20 on daal moong washed, etc.
The package would be effective by the end of the current month (March) after getting approval from the federal cabinet. According to the summary, which was approved by the ECC, it is expected that more customers will be heading to USC outlets to get better prices than the open market, which will drive up USC sales. Since USC is now equipped with POS systems across its network, there is transparency and traceability of each transaction, which will enhance efficiency and control and will minimize cases of black marketing.
| Govt would provide subsidy of Rs2.534b on wheat flour, Rs750m on sugar, and Rs4.05b on ghee
