Flour, sugar, edible oil prices to be lowered

Islamabad (HRNW) Wheat flour will be available at Rs55 per kilogram and sugar at Rs90 per kilogram while the price of edible oil will decrease by Rs50 a kilogram from Thursday (September 23), the federal Finance Minister said on Wednesday.

Addressing a press conference, he said that subsidy would be provided to public on wheat flour, sugar, edible oil and lentils.

He was accompanied by Minister of State for Information and Broadcasting Farrukh Habib and Special Assistant on Food Security Jamshed Iqbal Cheema.

According to him, prices of commodities had increased in the international market but the government had decided not to put additional burden on the public.

Tarin said that although the national economy was moving in the right direction, there was a fear of its over-heating.

Responding to a question, he said that he was not going anywhere, adding that the prime minister had promised him to get him elected as a senator.

Finance Minister Shaukat Tarin said that the government had decided to extend tax relief to companies concerned to bring down the prices of edible oil by Rs50 per kilogram while sugar would be available at Rs89.75 a kilogram.

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