ISLAMABAD: The government said on Wednesday that it plans to launch a whistleblower program that would help it trap individuals and companies who manipulate prices by hoarding essential goods.
“… (The) government is strongly committed to preventing hoarding, therefore a whistleblower law against hoarders will soon be introduced and enforced,” said Shaukat Tarin, prime minister’s advisor on finance and revenue. , in a press release issued after the meeting of the National Price Monitoring Committee (NPMC).
Tarin chaired the NPMC meeting while Syed Fakhar Imam, Minister of National Food Security and Research, Federal Secretaries, Chairman of Pakistan Competition Commission, Managing Director of Utility Stores Corporation, Chairman of the company of Pakistan Trade, Provincial Chief Secretaries, Chief Statistician PBS and other senior officers attended the meeting.
The NPMC reviewed the prices of wheat, sugar, pulses, chicken and other essential food products in the country and discussed the weekly situation of the SPI which increased by 1.81% during the last week.
“Looking at the trend in commodity prices, the finance secretary informed that the prices of six commodities registered a decline while the prices of 15 items remained stable over the past week,” said the communicated. The finance secretary also informed the meeting that the prices of basic necessities registered a decrease compared to the same period last year. Prices for Moog pulses and onion declined during the week.
“The NPMC has also focused on building up strategic Moong reserves and encouraging farmers to produce Maash pulses at the national level in order to reduce dependence on imports,” he said. added. The meeting observed that the prices of bags of wheat flour have remained constant at Rs 1,100 / 20 kg “due to the proactive measures of the governments of Punjab and KP and the ICT administration.
The councilor praised the efforts of the administrations of Punjab, KP and Islamabad and expressed concern about the large price difference for wheat flour in the provinces of Sindh and Balochistan.
He advised the provincial chief secretaries of Sindh and Balochistan to increase daily wheat outflows in order to improve the supply situation in the markets and to make efforts to bring wheat prices to a lower level.
The chief secretary of Sindh informed the NPMC that the provincial government is taking possible measures to control the price of wheat by releasing stocks in a timely manner.
While reviewing the price of sugar in the country, the finance secretary informed that prices are easing in Punjab, KP and Islamabad due to the start of the crushing of the sugar crop and proactive government measures. . The adviser expressed concern about high retail sugar prices in Sindh and Balochistan despite the start of grinding.
The Industries and Production secretary informed the meeting that the sugar factories in Sindh and Punjab have started production, so with the arrival of new stocks of sugar in the market, prices will be lower in the coming days.
The NMPC observed that the increase in edible oil prices on the world market affected local prices. Likewise, the seasonal factor has affected the prices of chicken and eggs.