Flour prices go up by Rs 1300 in Islamabad, Punjab

RAWALPINDI: The flour prices have skyrocketed in Islamabad, Rawalpindi and other districts of Punjab, ARY News reported.

As per details, the flour mill owners have jacked up the price of 80kg bag by Rs1300 in these districts.

In a separate development, the Naan Bai Association have called an emergency meeting over the rate of bread (roti).

Earlier, the federal government abolished a 5.5 percent advance income tax after successful talks with the flour mills owners.

Prior to this, the government formed a committee to negotiate with the flour mills association as they announced and held a strike against the advance income tax imposed in the budget 2024-25.

READ: Flour price hits Rs2,200 per 20kg in Karachi

The negotiations successfully concluded, resulting in the abolition of the tax by the government and consequently the withdrawal of the strike by the mills owners.

It is pertinent to mention here that the flour mills owners held a three-day strike that led to the shortage of flour, particularly in Karachi.

The flour mill owners announced and held a strike on July 11 against the imposition of the tax in the budget 2024-25

The flour mill owners said that due to increasing electricity bills, they are already facing difficulties in running their business.