ANL 22.67 Decreased By ▼ -0.43 (-1.86%)
ASC 15.80 Decreased By ▼ -0.30 (-1.86%)
ASL 21.95 Decreased By ▼ -0.30 (-1.35%)
BOP 8.50 Decreased By ▼ -0.05 (-0.58%)
BYCO 8.79 Decreased By ▼ -0.17 (-1.9%)
FCCL 17.64 Decreased By ▼ -0.43 (-2.38%)
FFBL 24.30 Decreased By ▼ -0.15 (-0.61%)
FFL 17.70 Decreased By ▼ -0.20 (-1.12%)
FNEL 8.30 Decreased By ▼ -0.10 (-1.19%)
GGGL 21.27 Decreased By ▼ -0.82 (-3.71%)
GGL 41.81 Decreased By ▼ -1.37 (-3.17%)
HUMNL 6.99 Decreased By ▼ -0.03 (-0.43%)
JSCL 20.60 Decreased By ▼ -0.25 (-1.2%)
KAPCO 37.88 Decreased By ▼ -0.02 (-0.05%)
KEL 3.56 Decreased By ▼ -0.05 (-1.39%)
MDTL 2.94 Decreased By ▼ -0.06 (-2%)
MLCF 36.05 Decreased By ▼ -0.25 (-0.69%)
NETSOL 150.72 Decreased By ▼ -2.58 (-1.68%)
PACE 5.95 Decreased By ▼ -0.03 (-0.5%)
PAEL 30.80 Decreased By ▼ -0.40 (-1.28%)
PIBTL 9.34 Decreased By ▼ -0.02 (-0.21%)
POWER 7.90 No Change ▼ 0.00 (0%)
PRL 20.41 Decreased By ▼ -0.44 (-2.11%)
PTC 10.29 Decreased By ▼ -0.11 (-1.06%)
SILK 1.65 Decreased By ▼ -0.02 (-1.2%)
SNGP 43.32 Increased By ▲ 0.13 (0.3%)
TELE 21.58 Decreased By ▼ -0.48 (-2.18%)
TRG 172.95 Decreased By ▼ -0.55 (-0.32%)
UNITY 35.50 Decreased By ▼ -0.70 (-1.93%)
WTL 3.18 Decreased By ▼ -0.07 (-2.15%)
BR100 4,937 Decreased By ▼ -42.01 (-0.84%)
BR30 24,243 Decreased By ▼ -217.58 (-0.89%)
KSE100 46,341 Decreased By ▼ -294.91 (-0.63%)
KSE30 18,345 Decreased By ▼ -135.49 (-0.73%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,246
4024hr
Pakistan Cases
1,226,008
2,16724hr
4.22% positivity
Sindh
450,787
Punjab
422,790
Balochistan
32,769
Islamabad
104,242
KPK
171,388
Pakistan

Finance minister directs for continuing strict price monitoring

  • Hammad Azhar apprised NPMC that production of sugar was likely to increase this year due to improved sugarcane crushing activity.
11 Jan 2021

ISLAMABAD: Federal minister for Finance and Revenue, Dr Abdul Hafeez Sheikh Monday directed the provincial governments and relevant departments to continue momentum of strict price monitoring for provision of basic items at affordable prices across the country.

The minister was chairing the National Price Monitoring Committee (NPMC) meeting here, according to press statement issued by the Finance ministry.

The meeting was attended by Minister for Industries and Production, Hammad Azhar, Minister for National Food Security and Research, Special Assistant to the Prime Minister on Revenue, Provincial Chief Secretaries, Secretary Ministry for National Food Security and Research (NFS&R), Secretary Industries and Production, Chairman Federal Board of Revenue, Member Competition Commission of Pakistan (CCP), Chairman Trading Corporation of Pakistan (TCP), MD PASSCO, MD Utility Stores Corporation (USC), Member IT & Member National Accounts from Pakistan Bureau of Statistics (PBS) and senior officers of the Finance Division.

The committee reviewed the price trend of essential commodities especially wheat, sugar, eggs and edible oil.

Secretary Finance briefed NPMC that prices of wheat and eggs have registered downward trend due to coordinated and consolidated efforts of the Provincial governments.

Federal Minister for NFS&R briefed NPMC about the current status of wheat stock across the country and assured that all possible measures would be taken to ensure uninterrupted supply of wheat at affordable prices.

Hammad Azhar apprised NPMC that production of sugar was likely to increase this year due to improved sugarcane crushing activity and would eventually release pressure on upward price trend.

He also briefed NPMC about the steps being taken to control the prices of edible oil/ghee.

The representative from the Punjab government briefed that a strict action has been taken against the role of middlemen in sugarcane market as directed by NPMC.

He informed that prices of sugar are currently stable in the Province, however, in some areas marginal hike is observed due to fog and weather conditions. Minister for Industries and Production appreciated the efforts of the Punjab Government in minimizing the role of middlemen.

Member PBS presented before NPMC a live dashboard of prices of essential items for comparative analysis which would be helpful in monitoring prices of essential items across major cities and markets in real time.

The system is prepared by PBS to monitor food prices and figure out price fluctuations for timely decision making and smooth coordination among Provincial governments and departments concerned.

The Finance minister lauded the mechanism for effective price monitoring and sound decision making. NPMC directed PBS to hold a meeting with Provincial governments to remove price disparity in essential items and urged the Provinces to draw maximum benefit from the newly developed system.

Comments

Comments are closed.