The federal cabinet was surprised to learn on Tuesday that the government gives a subsidy of over Rs4 trillion annually and the total volume of subsidies and grants forms 4.5% of the gross domestic product (GDP). “At present, the total volume of subsidies and grants is 4.5% of GDP,” he said. Wheat support priceMeanwhile, the information minister said that the cabinet discussed the support price for wheat. After deliberation, Faraz said, it was decided that the wheat support price would be Rs1,650 per 40 kgs. In the meeting, the cabinet decided in principle that no public meeting would be held by the government during this period.

Source: The Express Tribune November 10, 2020 17:15 UTC