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People likely to get record Rs6.37 billion relief this Ramzan.

Usama Afaaq

People are likely to get record relief this Ramzan as an Rs6.37 billion package has been proposed.

According to reports, the Ministry of Industries & Production (MoIP) has proposed the Economic Coordination Committee (ECC) to approve the mega Ramzan relief package for 2021.

Profit quoted sources at MoIP as saying that under the proposed relief package to be offered through utility stores network, the government would give a subsidy of around Rs40 per kilogramme on sugar, banaspati ghee and wheat flour. The ECC, which would be chaired by Finance Minister Abdul Hafeez Shaikh, is likely to approve the historic relief package soon, they added.

As per a MoIP official, the average Ramzan relief package in the past 10 years ranged between Rs1.5 to Rs2.5 billion.

“The relief package last year was Rs2.5 billion and the average savings for the consumers remained Rs10–Rs15 on various items. However, the serious intervention will be required this year to control the prices of vegetable ghee and oil, sugar and even wheat flour,” he added.

They said the relief package would include a reduction in prices of 14 essential items by 10pc to 15pc at utility stores, besides the sale of five items at subsidised rates.