Wednesday, February 1, 2023

Govt to give Rs 8.28 billion Ramzan Package to Utility Stores

The government has begun preparations for a large Ramzan package worth Rs 8.28 billion to be distributed to utility stores during the holy month of Ramadan.

According to media reports, the government has begun preparing large Ramzan package in utility stores, with subsidies being offered on 19 essential commodities.

An estimated Rs. 7.84 billion was given to utility stores last year; however, considering the rate of inflation this year, an estimated Rs. 8.28 billion has been suggested for the utility stores this year, according to sources.

In accordance with sources from the Utility Stores Corporation, it is recommended to allocate the greatest subsidy possible for ghee as part of the Ramadan assistance package. It is intended to provide a subsidy of Rs. 4.5 billion for ghee in particular.

Read Also: Cooking oil and ghee Prices risen by Rs20-25: Fareed Qureshi 

Approximately Rs. 2.53 billion is planned as a subsidy for flour, with another Rs. 75 crores recommended as a subsidy for sugar.

An estimated Rs 2.5 crore in subsidies has been proposed for basmati rice, Rs. 10 million for sela rice, and Rs. 36 million for broken rice, according to reliable sources.

Approximately Rs. 3 crore is recommended as a subsidy for Dal Chana, Rs. 3 crore for Dal Masoor, and Rs. 5 crores for white gram, according to the proposal.

According to authorities at the Utility Stores Corporation, citizens would also be eligible for tax exemption on more than 1500 different branded items available at utility stores.

And, in order to provide this relief, the Utility Stores Corporation is collaborating with various brands in order to cut the rates of various brands of things sold in utility stores nationwide.

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