Amidst the backdrop of rising inflation, the recent hike in the price of ghee sold at Utility Stores has become a cause for concern for many. However, there’s a glimmer of hope for Benazir Income Support Programme (BISP) eligible individuals as the government has announced a significant subsidy on ghee, aimed at easing the burden on low-income households. This article delves into the details of this subsidy, its implications, and how it aligns with the government’s efforts to alleviate economic strains on vulnerable segments of society.
Understanding the Subsidy for BISP Beneficiary
The price of ghee for BISP-eligible individuals has been increased by Rs. 58 per kilogram, bringing it to Rs. 393 per kilogram. However, amidst this price hike, the government of Pakistan has introduced a subsidy of Rs. 107 per kilogram, effectively lowering the price for beneficiaries as the actual price of Dalda Ghee is 500 per KG.
Impact of Rising Inflation
The backdrop of this subsidy is set against a backdrop of escalating inflation, as indicated by the recent statistics released by the Pakistan Bureau of Statistics (PBS). The weekly inflation measured by the Sensitive Price Indicator (SPI) witnessed a significant increase, highlighting the challenges faced by consumers in managing their household expenses.
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According to PBS data, the SPI for the combined consumption group rose by 0.96 percent during the week ended on April 4. This surge in inflation, especially in essential commodities like ghee, underscores the necessity of such subsidies to cushion the impact on low-income families.
Government’s Relief Measures at Utility Stores
In light of these economic challenges, the government’s intervention through the Utility Stores Corporation (USC) is commendable. Despite the inflationary pressures, the USC recorded its highest-ever sales of Rs. 44 billion during the month of Ramadan. This success can be attributed to the timely implementation of relief measures, including the historic subsidy of Rs. 12.5 billion announced by the government.
The subsidy not only reflects the government’s commitment to supporting vulnerable segments but also underscores the importance of efficient management and planning by the USC to ensure the smooth availability of essential items.
Who is eligible for the subsidy on ghee at Utility Stores?
The subsidy on ghee applies to individuals registered under the Benazir Income Support Programme (BISP).
How much is the subsidy amount for Ghee?
The subsidy amounts to Rs. 407 per kilogram of ghee, effectively reducing the price for eligible beneficiaries.
How can BISP beneficiaries avail of the subsidized ghee?
BISP beneficiaries can purchase subsidized ghee from designated Utility Stores by presenting their BISP cards.
Conclusion
In conclusion, the subsidy on ghee at Utility Stores for BISP beneficiaries comes as a welcome relief amidst the challenges posed by rising inflation. By reducing the financial burden on low-income households, this subsidy aligns with the government’s broader objective of ensuring social welfare and economic stability. Moving forward, continued efforts to implement targeted relief measures will be crucial in mitigating the impact of inflation on vulnerable segments of society.