Flour price increase withdrawn

Published July 8, 2006

LAHORE, July 7: The Pakistan Flour Mills Association on Friday decided to withdraw increase of Rs4 per 20 per bag it announced on Thursday.

The withdrawal was announced by the PFMA after a meeting with the food department. It decided to reassess the supply situation on the 11th.

According to food officials, there was no reason for the PFMA to raise the price as market realities had not changed during the last few weeks.

According to the association working, the Lahore chapter was not entitled to do so.

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