Hafeez Shaikh chairs weekly meeting of National Price Monitoring

ISLAMABAD, (MANEND NEWS): Federal Minister for Finance and
Revenue, Dr. Abdul Hafeez Shaikh, chaired the weekly meeting of
National Price Monitoring Committee (NPMC) held at the Finance
Division on Monday.
Federal Minister for Industries and Production Barrister Muhammad
Hammad Azhar, Adviser to the PM on Commerce and Investment
Abdul Razak Dawood, SAPM on Revenue Dr. Waqar Masood Khan,
Secretary M/o National Food Security and Research, Secretary M/o
Industries and Production, Chairman FBR, Member CCP, Member PBS,
MD PASSCO, MD USC, Chairman TCP and senior officials of the Finance
Division participated in the meeting. NPMC reviewed the price trend of
essential commodities especially wheat flour, eggs, chicken, sugar and
edible oil during the week. Secretary Finance briefed the Committee
about weekly SPI that recorded a slight increase of 0.81%, whereas
prices of 06 items decreased and 21 items remained stable during the
last week.
Secretary, M/o NFS&R updated NPMC about availability of sufficient
stock of wheat across the country. He expressed satisfaction over the
average per day releases by the Provinces which was stable
throughout the country. Secretary Food, Government of Balochistan
apprised the Committee about the arrangements being made for
immediate lifting of 20,000 MT wheat from PASSCO. Ministry of
Industries and Production briefed the Committee that approx. 80%
crushing of sugarcane has been completed during the current season.
The carryover stocks plus the latest crushing would ensure sufficient
availability of sugar in the coming months. The Ministry further

requested the respective Provincial governments to provide projections
regarding the future sugar requirement for effective planning during
the year.
Minister for Industries and Production Hammad Azhar lauded the
Utility Stores Corporations (USCs) for covering more than 5 % of the
consumer demand for essential items at subsidized rates across the
country. The NPMC directed PBS to workout ranking of the districts
with reference to price control so that Provincial Governments can take
necessary actions accordingly.
Finance Minister urged the Provincial Governments and Departments
concerned to take all necessary administrative measures to ensure
uninterrupted supply of regulated wheat flour throughout the country.
He further directed the Provincial and District administrations to
proactively monitor the prices of essential commodities to avoid
hoarding and black marketing effectively.

Read Previous

Govt focuses to enforce human rights' protection laws: Shireen Mazari

Read Next

PM Imran Khan directs govt economic team to suggest out-of-box
solutions for reducing burden of indirect taxes

Leave a Reply