Rs6bn announced for Utility Stores Corporation to bring down prices of essential commodities

Published November 8, 2019
SAPM Firdous Ashiq Awan has announced that the government will immediately provide Rs6 billion  to the Utility Stores Corporation (USC) to bring down the prices of essential commodities. — AFP/File
SAPM Firdous Ashiq Awan has announced that the government will immediately provide Rs6 billion to the Utility Stores Corporation (USC) to bring down the prices of essential commodities. — AFP/File

Special Assistant to the Prime Minister (SAPM) on Information and Broadcasting Firdous Ashiq Awan on Friday announced that the government will immediately provide Rs6 billion to the Utility Stores Corporation (USC) to bring down the prices of essential commodities.

"The amount will substantially bring down the prices of flour, edible oil, sugar, rice and pulses," she said in a tweet.

The SAPM said that the decision was taken today in a meeting, chaired by Prime Minister Imran Khan, held to discuss ways for providing relief to masses and bringing down the prices of essential commodities.

The premier took the decision after the chairman and managing director of the USC assured the government that with the injection of Rs6bn, prices of essential items will drop down significantly.

Following the development, the price of 20 kilogrammes of flour will be brought down by Rs132, sugar by Rs9, rice by Rs20 and pulses by Rs15 per kg.

The premier held three consecutive meetings on the issue in the last three days.

Earlier on Thursday, the prime minister had asked top officials of the USC to devise a relief package for selling five essential food items on discount across the country, according to sources.

The five products will be available at 4,000 USC outlets throughout the country.

The premier had already asked for establishment of a ‘Special Cell’ in the Ministry of National Food Security. The cell will take timely decisions about assessment of demand and supply of essential items.

Traditionally, the government offers subsidy on essential food items in Ramazan.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...