Featured ECC Approves Higher Rates for Essential Commodities at Utility Stores

[muhammadhafeezmalik]

Ghee price was increased by 53%
Sugar price was increased by 25%
Flour price was increased by 18.5%

Meeting approves procurement of cotton bales, import of sugar, and auction of spectrum to improve mobile phone services in Pakistan-administered Kashmir
The federal cabinet’s Economic Coordination Committee (ECC) on Friday approved a substantial hike on prices of essential commodities such as wheat flour, ghee and sugar, notably allowing the subsidized Utility Stores Corporation to sell them at rates closer to market values.

In a statement issued after the meeting, which was led by Finance Minister Shaukat Tarin and attended by one two of the committee’s 14 members, the ECC said it had increased the prices of the edibles on the recommendation of the Ministry of Industries and Production. It said that the price of ghee at the subsidized Utility Stores was increasing from Rs. 170/kg to Rs. 260/kg, a 53 percent hike. Similarly, the price of wheat flour has been increased by 18.5 percent from Rs. 800/20kg to Rs. 950, and sugar had been increased from Rs. 68/kg to Rs. 85, a 25 percent increase.

According to the statement, the prices have been revised upwards to overcome a growing gap between the subsidized rates offered at Utility Stores and prevailing market prices. The committee “approved revision in prices of three essential commodities to rationalize provision of subsidies by the USC,” it added.

The ECC also approved the import of 200,000 tons of sugar to build strategic reserves—a key policy of the finance minister—and reduce the role of speculative price gouging in the domestic market. It said that, if needed, it could import more sugar in the coming months. The committee approved the procurement of 200,000 bales of cotton by the Trading Corporation of Pakistan to meet the requirements of the textile industry. It constituted a Cotton Price Review Committee to monitor market prices and propose interventions every two weeks.

Power sector

The ECC meeting approved a summary moved by the Power Division for non-cash settlement of power sector re-loans against Rs. 116 billion subsidies payable by the government. In its proposal, the Power Division had suggested book adjustments of Rs. 97.35 billion against liabilities of the National Transmission and Dispatch Company, WAPDA, Chashma plants of the Pakistan Atomic Energy Commission; and the Neelum-Jehlum Hydropower Company. It was noted that the entities had liabilities totaling Rs. 273.2 billion in re-lent loans as of May 30.

According to Energy Minister Hammad Azhar, the decision means “that the receivables and payables between government entities have been balanced against each other. This will lead to a reduction of Rs. 116 billion in the circular debt stock.”

ECC Approves Higher Rates for Essential Commodities at Utility Stores

Meeting approves procurement of cotton bales, import of sugar, and auction of spectrum to improve mobile phone services in Pakistan-administered Kashmir

www.newsweekpakistan.com

USC is a tool to keep check on prices of essential items when we increase prices in USC market automatically increase the prices accordingly.

 

[AZ1]

sugar had been increased from Rs. 68/kg to Rs. 85, a 25 percent increase.

One of your pro pmln guy shared news saying it's 100 rupees and you sharing 85 rupees so what is the correct one do meeting with each other and come up with 1 price lol.

 

[PDF]

One of your pro pmln guy shared news saying it's 100 rupees and you sharing 85 rupees so what is the correct one do meeting with each other and come up with 1 price lol.

Better that you confirm real prices (current vs previous) of the commodities. Will be much more efficient.

 

[Zibago]

Better that you confirm real prices (current vs previous) of the commodities. Will be much more efficient.

1100 for 20kg flour bag

 

[PDF]

1100 for 20kg flour bag

and what was the previous rate?

 

[El Sidd]

The ECC also approved the import of 200,000 tons of sugar to build strategic reserves—

That in crude terms is called buying out electables for political patronage.

Anyhow people have no intentions of being labelled for standing up to some Cedik and Aimeen.

 

[PDF]

1100 for 20kg flour bag

On the recommendation of the Ministry of Industries and Production (MOIP), the ECC increased the price of ghee at USC outlets by almost 53pc from Rs170 to Rs260 per kg and the price of wheat flour by about 19pc to Rs950 per 20kg bag from its existing rate of Rs800.


Likewise, sugar price was raised from the existing rate of Rs68 to Rs85 per kg, indicating an increase of 25pc.


An official statement said the prices were revised owing to an increasing gap between the subsidised prices offered by the USC and the prevailing market prices. The committee “approved revision in prices of three essential commodities to rationalise provision of subsidies by the USC”, it reasoned.

Substantial rise in essential items’ prices okayed

ECC allows transfer of marine assets to PNSC subsidiary.

www.dawn.com

So here's the data to discuss for everyone:

Item​	Old Price (PKR)​	New Price (PKR)​	Price Hike (PKR)​	Percentage Increase (%)​
Ghee​	170​	260​	90​	52.94​
Wheat Flour (20Kg)​	800​	950​	150​	18.75​
Sugar​	68​	85​	17​	25​

All prices are of Utility stores that have subsidized rates.

I do remember once going to local store to buy sugar and they said they are not selling sugar as the govt asked them to sale it at 85 but for them it is impossible. And they were honest people.... been buying from them since almost a decade. Though, later, it was available, (don't remember what rate they were selling then).

Let's hope masses find relief and can afford daily necessities during the hard time which current govt has warned is necessary for course correction.

One of your pro pmln guy shared news saying it's 100 rupees and you sharing 85 rupees so what is the correct one do meeting with each other and come up with 1 price lol.

actually I think it's that at utility store, it is sold at 85 but in other stores, it is sold at higher rates.

e.g

1100 for 20kg flour bag

@Zibago gave 1100 rate where as the govt rate is 950.

 

[muhammadhafeezmalik]

One of your pro pmln guy shared news saying it's 100 rupees and you sharing 85 rupees so what is the correct one do meeting with each other and come up with 1 price lol.

These are USC prices where you can buy only one kg of sugar per family. Open market rates are well above Rs100/kg.

https://www.alfatah.pk/collections/sugar-salt

 

[muhammadhafeezmalik]

That in crude terms is called buying out electables for political patronage.

Anyhow people have no intentions of being labelled for standing up to some Cedik and Aimeen.

We have record production of sugarcane and still deficit of 200,000 tonne of sugar. And this imported sugar will cost Rs104/kg at port.

Imported sugar to get costlier on surge in global prices

* Meeting of the ECC informed that imported sugar would cost approximately Rs104 per kg against the current retail market price of Rs98 per kg

www.brecorder.com

 

[syedtalhamaududi]

Self certified honest people causing the average man to starve

 

[Zibago]

On the recommendation of the Ministry of Industries and Production (MOIP), the ECC increased the price of ghee at USC outlets by almost 53pc from Rs170 to Rs260 per kg and the price of wheat flour by about 19pc to Rs950 per 20kg bag from its existing rate of Rs800.


Likewise, sugar price was raised from the existing rate of Rs68 to Rs85 per kg, indicating an increase of 25pc.


An official statement said the prices were revised owing to an increasing gap between the subsidised prices offered by the USC and the prevailing market prices. The committee “approved revision in prices of three essential commodities to rationalise provision of subsidies by the USC”, it reasoned.

Substantial rise in essential items’ prices okayed

ECC allows transfer of marine assets to PNSC subsidiary.

www.dawn.com

So here's the data to discuss for everyone:

Item​	Old Price (PKR)​	New Price (PKR)​	Price Hike (PKR)​	Percentage Increase (%)​
Ghee​	170​	260​	90​	52.94​
Wheat Flour (20Kg)​	800​	950​	150​	18.75​
Sugar​	68​	85​	17​	25​

All prices are of Utility stores that have subsidized rates.

I do remember once going to local store to buy sugar and they said they are not selling sugar as the govt asked them to sale it at 85 but for them it is impossible. And they were honest people.... been buying from them since almost a decade. Though, later, it was available, (don't remember what rate they were selling then).

Let's hope masses find relief and can afford daily necessities during the hard time which current govt has warned is necessary for course correction.

actually I think it's that at utility store, it is sold at 85 but in other stores, it is sold at higher rates.

e.g

@Zibago gave 1100 rate where as the govt rate is 950.

1100 is the price I got from flour mill in Islamabad maybe price is lower in Utility store

and what was the previous rate?

In Ramadan when there was heavy discount the orice was 860 per 20kg flour mills threatened strikes and prices were raised

Self certified honest people causing the average man to starve

A better idea would be to subsidize consumption and end up like Lebanon eh?

 

[blueazure]

Better that you confirm real prices (current vs previous) of the commodities. Will be much more efficient.

you are arguing with a pti hard core troll.

rationale doesnt work with him

That in crude terms is called buying out electables for political patronage.

Anyhow people have no intentions of being labelled for standing up to some Cedik and Aimeen.

i went to OPTP yesterday,

rather weirdly, the serving sizes has become almost 20 percent smaller

price is same

any one else notice this ?

 

[alee92nawaz]

Ghee price was increased by 53%
Sugar price was increased by 25%
Flour price was increased by 18.5%

Meeting approves procurement of cotton bales, import of sugar, and auction of spectrum to improve mobile phone services in Pakistan-administered Kashmir
The federal cabinet’s Economic Coordination Committee (ECC) on Friday approved a substantial hike on prices of essential commodities such as wheat flour, ghee and sugar, notably allowing the subsidized Utility Stores Corporation to sell them at rates closer to market values.

In a statement issued after the meeting, which was led by Finance Minister Shaukat Tarin and attended by one two of the committee’s 14 members, the ECC said it had increased the prices of the edibles on the recommendation of the Ministry of Industries and Production. It said that the price of ghee at the subsidized Utility Stores was increasing from Rs. 170/kg to Rs. 260/kg, a 53 percent hike. Similarly, the price of wheat flour has been increased by 18.5 percent from Rs. 800/20kg to Rs. 950, and sugar had been increased from Rs. 68/kg to Rs. 85, a 25 percent increase.

According to the statement, the prices have been revised upwards to overcome a growing gap between the subsidized rates offered at Utility Stores and prevailing market prices. The committee “approved revision in prices of three essential commodities to rationalize provision of subsidies by the USC,” it added.

The ECC also approved the import of 200,000 tons of sugar to build strategic reserves—a key policy of the finance minister—and reduce the role of speculative price gouging in the domestic market. It said that, if needed, it could import more sugar in the coming months. The committee approved the procurement of 200,000 bales of cotton by the Trading Corporation of Pakistan to meet the requirements of the textile industry. It constituted a Cotton Price Review Committee to monitor market prices and propose interventions every two weeks.

Power sector

The ECC meeting approved a summary moved by the Power Division for non-cash settlement of power sector re-loans against Rs. 116 billion subsidies payable by the government. In its proposal, the Power Division had suggested book adjustments of Rs. 97.35 billion against liabilities of the National Transmission and Dispatch Company, WAPDA, Chashma plants of the Pakistan Atomic Energy Commission; and the Neelum-Jehlum Hydropower Company. It was noted that the entities had liabilities totaling Rs. 273.2 billion in re-lent loans as of May 30.

According to Energy Minister Hammad Azhar, the decision means “that the receivables and payables between government entities have been balanced against each other. This will lead to a reduction of Rs. 116 billion in the circular debt stock.”

ECC Approves Higher Rates for Essential Commodities at Utility Stores

Meeting approves procurement of cotton bales, import of sugar, and auction of spectrum to improve mobile phone services in Pakistan-administered Kashmir

www.newsweekpakistan.com

USC is a tool to keep check on prices of essential items when we increase prices in USC market automatically increase the prices accordingly.

End this tabdeeli now

 

[PDF]

you are arguing with a pti hard core troll.

The issue is both sides lack tolerence and are die hard fans of their parties. A bit sad state of affairs. This toxicity is ruining society.

 

[Zibago]

you are arguing with a pti hard core troll.

rationale doesnt work with him



i went to OPTP yesterday,

rather weirdly, the serving sizes has become almost 20 percent smaller

price is same

any one else notice this ?

Optp sey na khai na Murree road sey chips aur burger khai agar itni mehngayi lar rahi hy