Minister urges strict price control measures

Minister for Planning, Development, and Special Initiatives, Muhammad Sami Saeed, chaired a meeting of the National Price Monitoring Committee (NPMC) on Monday to evaluate the prices of essential commodities. During the meeting, he stressed the importance of maintaining stable food prices and providing relief to the general public.

The minister expressed a zero-tolerance policy towards hoarding and profiteering, directing provincial governments to mobilise their respective commissions, deputy commissioners, and magistrates to combat these practices effectively.

During the session, PBS officials presented data on prices and inflation, while representatives from Punjab, K-P, Sindh, and Balochistan reported on the current production and supply status of wheat, sugar, and other essential commodities, indicating satisfactory levels.

The meeting decided that PBS would grant access to its app to provincial authorities, enhancing the monitoring and control of prices. Furthermore, the meeting underscored the importance of narrowing the price gap between wholesale and retail items, to provide relief to the common man.

Published in The Express Tribune, September 26^th, 2023.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.