ANL 13.19 Increased By ▲ 0.65 (5.18%)
ASC 12.17 Decreased By ▼ -0.53 (-4.17%)
ASL 13.50 Increased By ▲ 0.04 (0.3%)
BOP 8.31 Decreased By ▼ -0.07 (-0.84%)
BYCO 5.75 Decreased By ▼ -0.21 (-3.52%)
FCCL 17.06 Decreased By ▼ -0.02 (-0.12%)
FFBL 23.61 Decreased By ▼ -0.44 (-1.83%)
FFL 10.05 Increased By ▲ 0.08 (0.8%)
FNEL 9.31 Increased By ▲ 0.06 (0.65%)
GGGL 13.80 Decreased By ▼ -0.20 (-1.43%)
GGL 26.75 Decreased By ▼ -0.30 (-1.11%)
HUMNL 5.66 Decreased By ▼ -0.07 (-1.22%)
JSCL 14.55 Decreased By ▼ -0.45 (-3%)
KAPCO 30.70 Decreased By ▼ -0.90 (-2.85%)
KEL 3.16 Decreased By ▼ -0.06 (-1.86%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 31.90 Decreased By ▼ -0.85 (-2.6%)
NETSOL 89.00 Decreased By ▼ -1.21 (-1.34%)
PACE 4.09 Decreased By ▼ -0.01 (-0.24%)
PAEL 20.42 Decreased By ▼ -0.09 (-0.44%)
PIBTL 7.27 Increased By ▲ 0.02 (0.28%)
POWER 6.31 Decreased By ▼ -0.08 (-1.25%)
PRL 11.80 Decreased By ▼ -0.15 (-1.26%)
PTC 8.69 Decreased By ▼ -0.11 (-1.25%)
SILK 1.19 Increased By ▲ 0.02 (1.71%)
SNGP 37.10 Decreased By ▼ -0.60 (-1.59%)
TELE 14.47 Decreased By ▼ -0.38 (-2.56%)
TRG 79.19 Increased By ▲ 1.51 (1.94%)
UNITY 21.85 Decreased By ▼ -1.05 (-4.59%)
WTL 2.00 Decreased By ▼ -0.03 (-1.48%)
BR100 4,398 Increased By ▲ 17.1 (0.39%)
BR30 16,992 Increased By ▲ 128.7 (0.76%)
KSE100 43,281 Increased By ▲ 47.9 (0.11%)
KSE30 16,777 Increased By ▲ 59.2 (0.35%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,777
1024hr
Pakistan Cases
1,287,161
33624hr
Sindh
476,830
Punjab
443,519
Balochistan
33,507
Islamabad
107,930
KPK
180,383

ISLAMABAD: While expressing concern over the persistent increase in the prices of essential commodities, a meeting of the Senate Standing Committee Finance has summoned Adviser to the Prime Minister on Finance, Secretary Finance, Governor State Bank of Pakistan (SBP), and chairman FBR to explain causes of untamable inflation.

Soon after the proceedings of the meeting started under the chairmanship of Senator Talha Mehmood on Thursday, Sadia Abbasi, a senator of Pakistan Muslim League-Nawaz (PML-N) stated that inflation is the most important issue for the people right now in the country and the committee must take notice of the situation and seek briefing from the government economic team on inflation in particular and overall economic situation in general.

She said that purchasing power of the people has been eroded with the increase in prices of essential commodities on a daily basis and there has been no respite in inflation.

A majority of the members of the committee as well as its chairman agreed that there is a protest like situation all over the country due to persistent increase in the prices of essential commodities and the situation demands a detailed briefing from the economic team of the government over the causes and measures being taken to address it.

Pakistan-IMF talks have not failed, says Tarin

Senator Mehmood inquired from an official of the Finance Ministry as to when the Adviser on Finance, Secretary Finance, and other key members of the government’s economic team would be available for briefing at the earliest.

He said that the officials should also convey to their high-ups that the committee will only take briefing from Adviser on Finance, Secretary Finance, Governor SBP, and Chairman FBR.

The Finance Ministry’s official took some time from the committee to confirm when Adviser on Finance and Secretary Finance will return back home from the United States, where they are holding negotiations with the International Monetary Fund (IMF) on the sixth review of the Extended Fund Facility (EFF).

Later on, the official informed the committee that the finance secretary will leave for home today from the US and join the office on Monday, while the Adviser on Finance will return on Tuesday, October 26.

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.