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Here’s how you can get essential food items at subsidised rates

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2 years ago

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Under Prime Minister Shehbaz Sharif’s relief package, essential food items will be provided at subsidised rates at the Utility Stores Corporation (USC) outlets across the country from today (Sunday).

Keeping in mind the difficulties and problems faced by the people, PM Shehbaz announced the provision of targeted subsidies on basic food items through USC. These items include flour, sugar, ghee, rice and pulses.

Consumers enrolled in the Benazir Income support Programme (BISP) are eligible to get food items at subsidised rates from the USC outlets.

The corporation has asked its all customers to SMS their CNIC numbers from their mobile phones to 5566 and they will receive a one-time password after which they can avail subsidy and purchase items.

In June 2022, the premier decided in principle that the government would provide flour, ghee, cooking oil, pulses, rice and sugar at low prices during the fiscal year 2022-23.

Details of the package

For the registered consumers with BISP, the essential food items will be available at the following rates:

  • Flour — Rs400 per 10 kg bag
  • Ghee — Rs300 per kg 
  • Sugar — Rs70 per kg

Meanwhile, Rs15 to Rs20 will be saved on rice and pulses per kg, however, the monthly purchase limit for the consumers is also fixed.

According to the purchase limits, a consumer would be able to purchase 40kg of flour, 5kg of sugar and 5kg of ghee monthly, besides, all other consumers of Utility Stores Corporation will also be provided subsidies on these five food items under the relief package.

For the other consumers, the prices will be as follows:

  • Flour — Rs648 per 10kg bag
  • Ghee — Rs375 per kg 
  • Sugar — Rs 89 per kg

Whereas, a Rs15 to Rs20 per kg discount on the purchase of pulses and rice will also be provided to consumers other than those registered with BISP.

The monthly purchase limit for these consumers is also set according to which they can buy 20kg of flour, 3kg of sugar, and 3kg of ghee.

For the people of Khyber Pakhtunkhwa, the flour will be provided for Rs400 per 10 kg bag at all the sales points and mobile stores established on the instruction of the prime minister.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Discos report losses of Rs239 billion.

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When compared to the same period last year, the data indicates that discos have decreased their losses in the first quarter of the current fiscal year.

The distribution businesses recorded losses of Rs239 billion in the first three months of the current fiscal year, a substantial decrease from the Rs308 billion losses sustained during the same period the previous year.

Additionally, the distribution businesses’ rate of recovery has improved. It has increased to 91% in the first quarter of this year from 84% in the same period last year, indicating success in revenue collection.

Regarding circular debt, the Power division observed a notable change. Last year, between July and October, the circular debt grew by Rs301 billion. Nonetheless, this year’s first four months saw a relatively modest increase in circular debt, totaling about Rs11 billion.

These enhancements show promising developments in the electricity sector’s financial health in Pakistan, where initiatives are being made to accelerate recovery rates and slow the expansion of circular debt.

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