Flour may become dearer after July 1 following an announcement from the Pakistan Flour Mills Association (PFMA) on Monday, seeking concessions in budget 2021-22.

The mills have hinted at increasing the prices by Rs30 per 20-kilogram flour bag in case the government refused to budge to their demand, saying that they were forced to take the decision after an increase in taxes.

“The turnover tax on wheat has been raised to 1.25 percent,” PFMA Chairman Asim Raza said.

A 17 percent tax is being imposed on the choker, which will come into force from July 1, he added.

If the government refused to withdraw these taxes, they would have no choice except to increase the flour prices, Asim continued.

The story was filed by the News Desk.
The Desk can be reached at info@thecorrespondent.com.pk.

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