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Millers increase flour price by Rs550 per 80kg bag

LAHORE: The Flour Mills Association on Wednesday announced to increase the price of 80-kilogram flour bag by Rs550, ARY News reported.

According to details, the mills association increased flour prices after withdrawn of General Sales Tax (GST) exemption on flour bags.

” The Federal Board of Revenue (FBR) has withdrawn General Sales Tax (GST) exemption on flour bags weighing more than 20 kilograms as a result of which a GST of 17 percent will now be imposed on the 80kg flour bag,” said a statement by flour mills association.

Read More: OGRA announces hike in LNG prices for July

Flour bags weighing up to 20 kilograms will remain exempted from GST while the price of fine flour bag has increased by Rs700.

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