Rawalpindi:
With the coming financial year’s budget implementation, wholesale markets have begun to raise prices.
The price of a 50 kg sugar sack rose by RS300 on Wednesday, and a further RS200 increase is expected this week, which pushes the retail price of sugar up with RS10 to RS190 per year. Kg.
The price of tea leaves reached RS2,200 per day. Kg, while lentils and rice saw rises per Bag of RS350 and RS400 respectively.
Wholesale dealers have warned that new prices for all grocery goods will be issued within the next ten days due to newly imposed taxes.
They have also reduced the supply of sugar, rice and lentils by 30 to 40 percent, causing deficiencies in stores all over the city.
President Salim Perez Butt in grocery associations stated that the prices of important things such as pulses, sugar, ghee and rice increase with RS100 to RS200 per day. Bag daily.
Despite payments and orders, wholesalers fail to meet demand. Rising fuel prices have also made transport more expensive.
He criticized the authorities for targeting small retailers while ignoring large price increases of prices by wholesalers.
He questioned the early increase in prices as new taxes are set to take effect on July 1st. Fear mounts that milk people, butchers and bakers also raise prices of milk, yogurt, meat and bread in July because of these tax measures.
