Punjab Flour Mills Association has increased the prices of flour on the claim that wheat prices have gone up, forcing them to hike the flour rate by Rs1 per kg. Flour prices have risen by Rs250 per 20kg flour bag due to the increasing wheat price. Wheat stock is also running out in the markets, the Punjab Flour Mills Association (PFMG) said. The wheat price in Rawalpindi has surged to Rs3,200 per 40 kg against the government-notified maximum retail price of Rs2,950. Similarly, flour millers in Lahore are purchasing wheat at Rs3,000 per 40 kg against the notified price of Rs2,900.

Source: The Patriot October 13, 2024 11:27 UTC