AVN 66.90 Increased By ▲ 1.70 (2.61%)
BAFL 31.10 Increased By ▲ 0.36 (1.17%)
BOP 4.86 Increased By ▲ 0.06 (1.25%)
CNERGY 3.75 Increased By ▲ 0.04 (1.08%)
DFML 14.34 Increased By ▲ 0.13 (0.91%)
DGKC 40.80 Decreased By ▼ -0.25 (-0.61%)
EPCL 46.60 Increased By ▲ 0.15 (0.32%)
FCCL 11.39 Decreased By ▼ -0.01 (-0.09%)
FFL 5.05 No Change ▼ 0.00 (0%)
FLYNG 5.79 Decreased By ▼ -0.01 (-0.17%)
GGL 10.37 Increased By ▲ 0.04 (0.39%)
HUBC 66.97 Increased By ▲ 0.10 (0.15%)
HUMNL 5.72 Increased By ▲ 0.01 (0.18%)
KAPCO 27.95 Increased By ▲ 0.19 (0.68%)
KEL 2.25 Increased By ▲ 0.05 (2.27%)
LOTCHEM 25.26 Increased By ▲ 0.36 (1.45%)
MLCF 21.30 Decreased By ▼ -0.14 (-0.65%)
NETSOL 86.25 Increased By ▲ 2.65 (3.17%)
OGDC 92.38 Increased By ▲ 6.48 (7.54%)
PAEL 11.00 Decreased By ▼ -0.01 (-0.09%)
PIBTL 4.20 Decreased By ▼ -0.02 (-0.47%)
PPL 80.15 Increased By ▲ 5.67 (7.61%)
PRL 13.55 Increased By ▲ 0.12 (0.89%)
SILK 0.90 Decreased By ▼ -0.02 (-2.17%)
SNGP 43.13 Increased By ▲ 2.73 (6.76%)
TELE 5.90 Increased By ▲ 0.04 (0.68%)
TPLP 15.78 Increased By ▲ 0.38 (2.47%)
TRG 114.90 Increased By ▲ 3.49 (3.13%)
UNITY 13.72 Decreased By ▼ -0.03 (-0.22%)
WTL 1.15 Increased By ▲ 0.01 (0.88%)
BR100 4,083 Increased By 45.4 (1.12%)
BR30 14,836 Increased By 423.8 (2.94%)
KSE100 40,823 Increased By 352 (0.87%)
KSE30 15,339 Increased By 176 (1.16%)
Follow us

ISLAMABAD: Federal Minister for Finance and Revenue Dr Abdul Hafeez Shaikh has directed the Ministry of Industries and Production to continuously monitor stocks of sugar, its supply position, and prices in the market.

Hafeez Shaikh directed this while chairing a meeting of the National Price Monitoring Committee (NPMC) on Monday.

Federal Minister for National Food Security and Research Syed Fakhar Imam, SAPM on Revenue Dr Waqar Masood, provincial chief secretaries, secretary Ministry of Industries and Production, secretary Ministry of National Food Security and Research, additional secretary Ministry of Planning, Development and Special Initiatives, chairman FBR, Member CCP, Member PBS, MD USC, MD PASSCO, Member National Accounts PBS, and senior officers of the Finance Division participated in the meeting.

The NPMC reviewed the price trend of essential commodities especially wheat flour, eggs, chicken, sugar and edible oil during the last week.

The finance secretary outlined the significant decline in year-on-year CPI to 5.7 percent in January 2021 as compared to 14.6 percent in January last year.

The NPMC lauded the efforts of the concerned ministries/departments and provincial governments for vigilant monitoring of the prices of essential commodities, and urged to continue the momentum to provide maximum relief to the general public.

The finance minister reiterated the firm commitment of the government to ensure provision of essential commodities at affordable prices across the board.

The secretary Ministry of National Food Security and Research (NFS&R) updated the NPMC about the current status of wheat stocks.

The wheat stock position is sufficient for the domestic consumption and average per day release by the provinces is also stable.

The NPMC directed the provincial governments to keep close watch on the prices of wheat and sugar in the market to avoid hoarding, black marketing, and smuggling to ensure uninterrupted supply at affordable prices.

The secretary, Ministry of Industries and Production updated the NPMC about the fluctuation in international prices of palm and soyabean oils which in turn, drives the prices of edible oil in the domestic market.

The ministry is closely monitoring the situation to minimise its impact on domestic prices, he stated.

The secretary further apprised the NPMC that arrangements are underway to import sugar which will ensure its smooth supply in the domestic market.

There would be increased production of sugar during the current crushing season as per the latest estimates, he added.

Copyright Business Recorder, 2021


Comments are closed.

Ministry directed to monitor sugar stocks

Intra-day update: rupee improves, up 1.13% against US dollar

Talks extended for two days: IMF demands govt withdraw power subsidy

Former military ruler Musharraf’s body to be flown to Pakistan

All set for inking pact with Denmark under DETI

Major earthquake strikes Turkey, Syria; about 300 dead, many trapped

FBR to check benami transactions of civil servants

TTP celebrates death

COAS reaches UK on five-day visit

China delivers two Hualong-1 nuclear power units

KSA warns sanctions, under-investment may cause energy shortages