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Articles for tag: Faisal Karim Kundi, Flour, food safety, Governor's Rule, Khyber Pakhtunkhwa, Wheat

July 19, 2024

News Desk

The flour workers’ strike against withholding tax enters its second day

A man carries sacks of flour on his shoulder as others queue to buy from a truck along a street in Peshawar, Pakistan, January 20, 2020. — Reuters In many cities there is a strike over withholding tax. The PFMA chief demands that tax be withheld from them. He says the flour mills do not intend to disturb the masses. PESHAWAR: The Pakistan Flour Mills Association (PFMA) continued its strike against the newly imposed withholding tax for a second day as hundreds of mills across the country remained shut on Friday with wheat milling and flour supplies disrupted, sparking fears

April 29, 2024

News Desk

a brief look at market power

Islamabad: Wheat is the staple food for 250 million Pakistanis, eaten at least twice a day. All governments have been trying to ensure the availability of wheat since the 1950s and relied on the minimum support price and procurement plan to maintain strategic stocks through the purchase of domestic and imported wheat. Except for a few years, the country has seen increases in wheat flour prices. During such a crisis, neither wheat nor flour disappeared from the market, rather ugly players created a rise in prices due to “protectionism” in wheat policy. Since the 1950s, Pakistan has spent trillions of

Flour millers announce strike across Punjab from Monday

LAHORE: Flour millers have announced strikes across Punjab from Monday (tomorrow) after having dispute with the provincial food department over wheat quota and raids on mills. The announcement is feared to create a shortage of flour in Lahore and other cities of the province. Sources told Dunya News that the wheat quota of more than 100 mills had been suspended and that some mills in Lahore, Gujrat and Multan had already halted their operations. Sources further said the provincial food secretary had ordered to lodge cases against 10 mills and that he wanted to get mill owners arrested. According to

ECC approves reduction in prices of flour, sugar

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has accorded approval to the revision of prices of flour and sugar to provide continuous relief to lower strata of the society from global inflationary pressure. Its meeting was held in Islamabad on Monday with Minister for Finance and Revenue Miftah Ismail in the chair. Under the new arrangement, the flour price has been reduced from 950 rupees 20 kg to 800 rupees 20 Kg, while the Sugar price has been reduced from 85 rupees per kg to 70 rupees per kg. The meeting also ordered that a discount of 190

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