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Punjab bread prices down by up to Rs70, as govt shifts focus to bakery items

Punjab bread prices down by up to Rs70, as govt shifts focus to bakery items

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Punjab bread prices down by up to Rs70, as govt shifts focus to bakery items

Amid a declining inflation, people will now buy cheaper bread – commonly known as “double roti” – from bakeries as the district administration in Lahore lowered the prices by up to Rs70.

A notification issued by Lahore Deputy Commissioner Rafia Haider says that maximum price of 750 gram bread is fixed at Rs180 against the previous rate of Rs220 to Rs250.

Similarly, the 400 gram bread has been priced at Rs95 which was being sold for Rs120 to Rs140, with the deputy commissioner saying that the new prices will be applicable with immediate effect.

It is the Punjab Price Control of Essential Commodities Ordinance, 2023, promulgated by the governor before the February 8 elections, which enables the administration to fix the rates of such items.

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The latest move follows the trend starting with reducing the roti prices as Chief Minister Maryam Nawaz has been focusing on curbing inflation and activating the administration at district level to check the rising rates of daily use items.

Read more: Punjab govt promises to implement new bread prices, blasts those criticising the move

Down from an earlier high roti price of Rs20 per 100 gram, the rates were first fixed at from Rs15 to Rs16 in different districts. However, the chief minister later pushed for further decrease, which means the roti prices are currently ranging between Rs12 to Rs14.

Meanwhile, the administration in remaining districts of Punjab are also expected to follow the Lahore deputy commissioner in the coming hours and days.

With the wheat prices on a slide much to the delight of an inflation-hit overwhelming majority, the flour prices as well as of other products produced by processing the grain have been witnessing a massive decline, which should also be reflected in bakery items.

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Earlier, Punjab Food Minister Bilal Yasin at a meeting had given a May 27 deadline, which passed yesterday, to lower the prices of various bakery items, saying that wheat and flour prices had dropped by 30 per cent to 48 per cent over the past two months.

That’s why he directed the stakeholders, mainly bakery owners and mass producers, to slash the prices of products such as double bread and buns.

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Various schemes launched to boost agri, livestock sectors: minister

Various schemes launched to boost agri, livestock sectors: minister

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Various schemes launched to boost agri, livestock sectors: minister

 Punjab Minister for Agriculture and Livestock Syed Ashiq Hussain Kirmani said the livestock sector is a top priority of the government, and practical steps are being taken for its development.

He expressed these views during his visit to the sub-campus of the University of Veterinary and Animal Sciences and the Buffalo Research Institute in Pattoki on Saturday.

The provincial minister inspected various departments of the institute, including the calves rearing centre, dairy section, and research laboratories.

The minister on this occasion said that institutions like the University of Veterinary and Animal Sciences are providing such education and training to our youth that they can play their role in the livestock sector in their practical life.

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He said under the leadership of Punjab Chief Minister Maryam Nawaz, the government’s focus is on small farmers with land holdings ranging from one to twelve and a half acres, for whom various schemes are being launched in the agriculture and livestock sectors.

He said according to the vision of the CM, the Livestock Department is paying full attention to increasing milk and meat production and implementing body fattening programmes for livestock.

The minister said that for the first time in Punjab, a scheme called the Chief Minister Punjab Livestock Card has been introduced for small farmers, benefiting 80,000 farmers over two years.

Four lakh animals will be prepared for export through feed and fattening. Kirmani said that the Nili-Ravi breed is the pride of Punjab. The Livestock Department is striving to improve the Nili-Ravi breed of buffaloes in Punjab.

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Govt buys per unit electricity for Rs750 from specific IPP: Ejaz

Govt buys per unit electricity for Rs750 from specific IPP: Ejaz

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Govt buys per unit electricity for Rs750 from specific IPP: Ejaz

Former Caretaker Federal Minister for Commerce Gohar Ejaz has said the government has been purchasing electricity from a specific power plant at the rate of Rs750 per unit under IPPs contract deal.

“We have been paying Rs60 per unit due to these corrupt contracts. Out of total IPPs, 52 per cent belongs to the government while 28 per cent is being run by the private people of Pakistan,” Gohar disclosed.

“I have raised my voice against 40 families  and shared the data to save the country from them. It is surprising the government is paying Rs150 billion to a specific power plant which is generating merely less than 15 per cent of its capacity,” he said.

“Most IPPs are running at less than 20 per cent of their capacity while payments of Rs1.95 trillion have been made to these IPPs which have been confirmed.

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The former commerce minister reveled the government had been paying Rs370 billion to three IPPs which were generating less than 15 per cent of their capacity.

He says the solution to the problem is to pay to the IPPs ‘no capacity charges.

Read only: Gohar Ejaz urges Leghari to make IPP payment record public

“The IPPs must be paid for what they generate,” he highlighted.

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Nigeria’s Dangote refinery in talks with Libya to secure oil

Nigeria’s Dangote refinery in talks with Libya to secure oil

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Nigeria's Dangote refinery in talks with Libya to secure oil

Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies.

The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is Africa’s largest, and is designed to end Nigeria’s dependence on imported fuels because of insufficient refining capacity.

Since Dangote began operations in January, it has been unable to get adequate crude supplies in Nigeria, which, although Africa’s biggest oil producer, is struggling with theft, pipeline vandalism and low investment.

Dangote has resorted to importing crude from as far as Brazil and the United States.

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“We are talking to Libya about importing crude,” Dangote refinery senior executive Devakumar Edwin told Reuters late on Saturday. “We will talk to Angola as well and some other countries in Africa.”

He declined to give detail about the talks, but said international traders and oil companies were among the biggest buyers of Dangote’s gasoil, much of which was being exported.

“The biggest offtakers are the two big traders Trafigura and Vitol and BP and, to some extent, even TotalEnergies. But all of them are saying they are taking it to offshore,” Edwin said.

Traders and shipping data have shown that Dangote is increasing gasoil exports to West Africa, taking market share from European refiners.

Edwin said Dangote’s oil trading arm was operational, with staff in London and Lagos, to help manage supplies and sell products. Reuters first reported the planned trading arm in March.

Nigeria’s upstream regulator has clashed with Dangote, saying the sulphur content in its gasoil was above the required limits of 200 parts per million (ppm).

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Aliko Dangote has denied that, saying the sulphur level was higher when production started, but had fallen to 88 ppm and would sink to 10 ppm in early August as output rises.

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