AVN 67.20 Increased By ▲ 0.10 (0.15%)
BAFL 31.00 No Change ▼ 0.00 (0%)
BOP 4.92 Increased By ▲ 0.02 (0.41%)
CNERGY 3.76 Decreased By ▼ -0.02 (-0.53%)
DFML 14.50 Increased By ▲ 0.07 (0.49%)
DGKC 41.95 Increased By ▲ 0.10 (0.24%)
EPCL 46.05 Decreased By ▼ -0.52 (-1.12%)
FCCL 11.85 Increased By ▲ 0.16 (1.37%)
FFL 5.15 Increased By ▲ 0.08 (1.58%)
FLYNG 5.86 Increased By ▲ 0.06 (1.03%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HUBC 68.70 Increased By ▲ 0.70 (1.03%)
HUMNL 5.81 Increased By ▲ 0.05 (0.87%)
KAPCO 28.25 Increased By ▲ 0.15 (0.53%)
KEL 2.27 Decreased By ▼ -0.02 (-0.87%)
LOTCHEM 25.24 Increased By ▲ 0.19 (0.76%)
MLCF 21.75 Increased By ▲ 0.06 (0.28%)
NETSOL 86.50 Increased By ▲ 0.50 (0.58%)
OGDC 99.30 Increased By ▲ 6.92 (7.49%)
PAEL 11.15 Increased By ▲ 0.06 (0.54%)
PIBTL 4.27 Increased By ▲ 0.03 (0.71%)
PPL 83.50 Increased By ▲ 3.35 (4.18%)
PRL 13.63 Decreased By ▼ -0.01 (-0.07%)
SILK 0.93 Increased By ▲ 0.03 (3.33%)
SNGP 45.15 Increased By ▲ 1.68 (3.86%)
TELE 6.22 Increased By ▲ 0.26 (4.36%)
TPLP 15.83 Increased By ▲ 0.10 (0.64%)
TRG 115.70 Increased By ▲ 0.69 (0.6%)
UNITY 14.07 Increased By ▲ 0.22 (1.59%)
WTL 1.23 Increased By ▲ 0.07 (6.03%)
BR100 4,166 Increased By 41.3 (1%)
BR30 15,269 Increased By 338.8 (2.27%)
KSE100 41,597 Increased By 406.7 (0.99%)
KSE30 15,669 Increased By 174.9 (1.13%)
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.
Published January 11, 2021
Follow us

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.

Finance minister directs for continuing strict price monitoring

Intra-day update: rupee continues to appreciate against US dollar

Policy-level talks with IMF begin today

NA clears Trade Dispute Resolution Bill, 2022

Imran optimistic about prospects of ‘jail bharo’ protest

APC will now be held on 9th

Cases in Karachi, Lasbela: IHC asks police not to take action against Rashid

Govt decides to enhance capacity of NEECA

Huge earthquake kills 2,700 in Türkiye, Syria

High-income earners directed to pay 50pc of super tax liability

IR officials deputed at 33 sugar mills in Punjab