ISLAMABAD – The price of sugar, one of the basic food items in Pakistan, has been decreased by Rs13 per kilogramme at utility stores across Pakistan.
The Utilities Stores Corporation made the announcement stating that the price of per kg sugar has been fixed at Rs140. The new price will come into force with immediate effect.
Previously, sugar was being sold for Rs153 per kg at the utility stores.
The development comes amid declining inflation and positive economic indicators in the country as the government is making efforts to put the country in right direction.
A day earlier, Finance Minister Muhammad Aurangzeb said Pakistan is moving on path of economic stability due to prudent policies introduced by the government.
Addressing 8th edition of future summit in Karachi, the minister said decrease in current account deficit, increase in remittances, stabilization of rupee and decrease in policy rate clearly indicate that national economy is moving in right direction.
Muhammad Aurangzeb said owing to steps taken by government, inflation has decreased from thirty-eight percent to single digit.
He said short and medium term policies are being put in place to make the national economy sustainable.
He also stressed the need for reforms in government institutions to ensure transparency, control loopholes and take benefit of technological advancements in this regard.
He also stressed on changing the “DNA of the economy” to yield long lasting results.
