Pakistan, Aug. 12 -- Flour mill owners have increased the price of a 20kg wheat flour bag by Rs50, bringing the retail price from Rs1,350 to Rs1,400. The decision comes as wheat prices have surged in the open market, putting additional pressure on millers and consumers alike. This recent hike has sparked concern among buyers who already face rising costs of essential goods.

Mill owners explained that the increase in wheat prices forced them to adjust flour prices accordingly. The cost of a maund of wheat in the open market rose by Rs150, from Rs2,300 to Rs2,450. Since wheat is the main raw material for flour production, this rise directly impacts the price of flour sold to consumers.

However, market experts and insiders have raised doub...