Subsidy on essential items in Ramazan package
By: Imran Ali Kundi
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday finalised the prices of essential food commodities at Utility Stores Corporation (USC) outlets during the holy month of Ramazan.
The prices of food items at utility stores will be decreased by Rs 4 to Rs 40 per kilogram.
The ECC, which met here under the chair of its chairman Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh, approved the prices of essential food commodities available at USC outlets during Ramazan. The ECC had approved the Ramazan package in its last meeting. The government has allocated Rs 2 billion for the Ramazan package in the annual budget 2011-2012.
According to the package, the government has decided to give subsidy of Rs 6 on per kg flour which will be available at Rs 22.50 per kg at USC as compared to Rs 28.50 per kg in the open market.
Meanwhile, per kg ghee will be available at Rs 147 at USC against the open market rate of Rs 170 to Rs 175, per kg price of dal channa will be available at Rs 67 against open market rate of Rs 78 to Rs 80, per kg price of white gram has been fixed at Rs 132 against Rs 150 to Rs 155 and the price of dall mong has been set at Rs 122 as compared to the open market price of Rs 135 to Rs 140.
Similarly, per kg price of dall mash has been fixed at Rs 128, baisen (chakki) Rs 63, dates (khajoor) Rs 110 and per kg price of rice basmati has been fixed at Rs 74 according to the Ramazan package.
Meanwhile, syrups (sharbat and bottles) prices have reduced to Rs 245 from Rs 260, squashes (bottles) prices to Rs 106 from Rs 127, tea (190 gram) prices to Rs 495 from Rs 540 and the price of milk tetra pack has been reduced to Rs 70 from Rs 76 per kg in the open market.
The summaries that were discussed in today’s meeting included “subsidy on sale of wheat in Gilgit Baltistan”. The ECC in principle agreed with the request and formed a committee to devise the system by which the subsidy could be implemented and ensured that the locals may get the benefit instead of stockers and hoarders.
Source: The Nation
Date:7/21/2011
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