KARACHI: Karachi residents are expected to get relief as flour mill owners have announced an Rs8 per kilogram reduction in the ex-mill price of wheat flour following successful talks with the city administration.
The decision was reached during a meeting held at the Commissioner Office between Karachi Commissioner Syed Hassan Naqvi and representatives of the Flour Mills Association on the special instructions of Sindh Chief Secretary Syed Asif Hyder Shah.
Under the agreement, the ex-mill price of flour has been reduced from Rs133 to Rs125 per kilogram with immediate effect. The administration said the reduction in ex-mill rates should also lead to lower wholesale and retail prices across the city.
The Flour Mills Association also announced that fair price stalls would be set up in different parts of Karachi to provide flour to consumers at reduced rates.
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Commissioner Syed Hassan Naqvi directed all deputy commissioners and assistant commissioners to ensure that wholesalers and retailers implement the revised prices. He warned that strict action, including heavy fines and sealing of shops, would be taken against traders violating the official price list.
Officials said the reduction in flour prices has been made possible due to improved wheat supply in the open market, the arrival of the new wheat crop, and better price stability. They added that the provincial government’s efforts to improve the supply chain and crack down on hoarding had also contributed to the price cut.
