Cabinet approves Rs10 bln package for relief of people

News Image

MG News | February 12, 2020 at 09:49 AM GMT+05:00

0:00

February 12, 2020: Federal Cabinet has given approval to a subsidy of two billion rupees per month for a period of five months to Utility Stores Corporation for provision of edible items of daily use to the people at affordable rates.

Meeting of the federal cabinet was held in Islamabad yesterday with Prime Minister Imran Khan in the chair.

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan giving a briefing to media in Islamabad on Tuesday said this package will help ensure availability of flour, sugar, rice and pulses among other edible items at USC outlets at reasonable rates. The USC has been further directed that 20 kg flour bag be sold at 800 rupees while pulses at 15-20 per cent fewer prices than market.

She said the government will also devise a strategy to keep a check on prices of essential edible items.

She said the government's economic team, ministry of commerce and other institutions including Utility Stores Corporation gave a detailed briefing to the Prime Minister.

The Cabinet gave the approval to lift a ban on import of sugar to ensure the supply of this commodity. She said the export of sugar has been banned and a strategy is being devised to remove regulatory duty on this commodity.

She said 4.3 million women are being given two thousand rupees monthly under Ehsaas program. The number will reach by seventy million by the end of this year, benefitting 46.9 people will benefit.

The Special Assistant said the Prime Minister has directed his team to devise a mechanism to reduce the prices of gas and electricity in a phase-wise manner to reduce the burden of inflation on people.

She said that the cabinet also directed to prepare a comprehensive strategy to control the prices of electricity and gas along with the causes of rising prices. She said the report will also be shared with media and the general public.

Regarding coronavirus, the SAPM said that the Health Advisor briefed the meeting about government initiatives in preventing Coronavirus.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 166,760.47
28.43M
0.65%
1074.09
ALLSHR 101,453.92
68.16M
0.66%
668.12
KSE30 51,253.59
7.22M
0.65%
330.42
KMI30 243,228.95
3.50M
0.65%
1578.23
KMIALLSHR 67,013.38
30.48M
0.63%
420.83
BKTi 47,359.82
4.36M
0.73%
345.32
OGTi 32,446.96
0.67M
0.21%
66.81
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,810.00 112,085.00
110,680.00
260.00
0.23%
BRENT CRUDE 62.49 62.68
62.31
0.58
0.94%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 91.50 91.50
89.30
2.45
2.75%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.88 59.01
58.55
0.61
1.05%
SUGAR #11 WORLD 15.67 15.91
15.53
-0.21
-1.32%

Chart of the Day


Latest News
October 16, 2025 at 09:34 AM GMT+05:00

Govt raises around ₨934bn through PIBs, T-Bills auctions


October 16, 2025 at 09:32 AM GMT+05:00

NBP issues foreign exchange rates


October 16, 2025 at 09:09 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


October 15, 2025 at 05:02 PM GMT+05:00

Pakistan, UAE reaffirm commitment to strengthening trade



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg