Flour prices in Pakistan have risen by 22% after the government abolished the subsidy on low-priced gas as part of the IMF bailout requirements.
An announcement from the ministry of industry and production had to be made that flour will rise from a 20kg bag of Rs800 to Rs980 in price. This is a rise of Rs180. Utilities Corporation stores all around the nation sell the flour. The goal of the USC supermarkets is to supply low-cost food.
Also, according to the government, the price of a 10kg bag of flour jumped from Rs400 to Rs490, a Rs90 rise.
In an effort to satisfy IMF bailout criteria, Pakistan’s government hiked the price of gasoline by Rs30 per litre on Thursday night, setting off a wave of unrest among the country’s already-angry population.
It is important to note that the cost of transportation from the area of production to wholesale markets and retail markets is a key element in determining the price of powder produced from wheat grinding. Not to mention the fact that the grinding machines are powered by fuel-derived energy.
