
The rise and rise in food prices appears to have caught the attention of the government of Prime Minister Imran Khan who has ordered steps to control the prices of basic food items. The Prime Minister has convened a high-level meeting — to be attended by the chief ministers of the four provinces, besides the authorities concerned — on the coming Friday to devise a strategy to control inflation which has turned into a double-digit demon over the last months. In one of its recent reports, the World Bank has warned that the rate of inflation will rise to 13 per cent in the next fiscal year, from 11.4 per cent currently — heralding even tougher days ahead for the common man.
There is an urgent need for the government to focus on how to bring the prices of basic food items under control. The government needs to activate the price control committees — which only seem to exist on paper — across the country with the help of elected representatives and ensure that those responsible for fluctuation in prices and hoarding are strictly dealt with. The government also needs to devise ways to ensure stocks at utility stores from where the common man can purchase the monthly ration at government-controlled rates without any difficulties.
Published in The Express Tribune, October 16th, 2019.
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