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A new price control system will come into effect from January 01. Under the revised policy, the practice of on-the-spot collection of cash payment for fines by shopkeepers, stallholders, and pushcart vendors will end. All penalty amounts must be deposited directly into the Punjab Bank.
Price Magistrates will issue challans and fines only but won't be able to collect cash directly. A certain amount of fine will also be allocated for each shop, business cart and stall. No more fines will be imposed.
Under the new system, repeat offenders can be jailed for up to 72 hours. It has been agreed between the Punjab government and Markazi Anjuman Tajran Punjab at the level of deputy commissioners that the policy of imposing maximum fines is abolished.
The deputy commissioner in the district who imposed more fines on shopkeepers and traders was given higher performance marks up to now. But now the policy of the new system will come into effect from January 1, 2025, abolishing the policy of imposing maximum fines.
Markazi Anjuman Tajran and Kiryana Merchants Association President, Salim Parvez Butt, has welcomed the new price control system. The business of traders had been destroyed by the policy of maximum fine, he said, adding that a small street shopkeeper cannot pay a fine of Rs50,000. In the future, the price control magistrate and the food authority won't be able to impose maximum fines or collect fines in cash.
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