Mills increase flour prices in Lahore
Flour mills have increased the price of a 20-kilogramme flour bag by Rs20 and a 10-kilogramme bag increasing by Rs10.
According to dealers, this price hike has been implemented by five major mills. The mills attribute the increase to the rising cost of wheat.
Pakistan’s increasing reliance on wheat imports is driven by a shortage of domestically produced wheat.
The increased expenditure on wheat imports has, however, placed a burden on the country’s already strained financial resources, where the country’s foreign exchange reserves are on a constant decline amid substantial growth in imports and declining exports.
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