Govt’s economic team proposes Rs10-15bn package for utility stores

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The PTI government’s economic team has proposed a package worth Rs10-15 billion for utility stores in the country, as well as a recommendation to bump up their number during a meeting chaired by Prime Minister Imran Khan, Government’s relief package for food items would be limited to the utility stores as no plan had been devised to subsidies commodities’ prices at private stores.To set up utility stores, a loan worth Rs500,000 would be provided as part of the Kamyab Jawan Programme. In the initial phase, the government plans to establish 1500 such stores.

PM Imran in the meeting warned of stern action against those responsible for artificially hiking up wheat and sugar prices.

Chairing a meeting of government and party spokespersons, the premier also refuted rumours surrounding the dismissal of State Bank Governor Dr Reza Baqir and Adviser to the PM on Finance and Revenue Dr Abdul Hafeez Shaikh. Both, he added, were here to stay.

Last month, PM Imran launched a “grand operation” against those responsible for the wheat crisis that took hold of the country. Wheat flour prices skyrocketed across Pakistan in January as the staple food was found in scarce quantity.

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