Adviser to the Prime Minister on Finance and Revenue, Mr. Shaukat Tarin, presided over the National Price Monitoring Committee (NPMC) meeting held at Finance Division, today.
Federal Minister for National Food Security & Research Syed Fakhar Imam, Minister of State for Information and Broadcasting Mr. Farrukh Habib, Secretary Finance, Secretary Industries & Production, Additional Secretary Commerce, Provincial Chief Secretaries, Chief Statistician PBS, MD Utility Stores Corporation, and other senior officers participated in the meeting.
Prices of daily commodities and essential food items in the country were reviewed in the meeting.
The Secretary Finance briefed the NPMC about the weekly SPI situation which has been increased by 0.55% during the week under review. It was informed that this increase was due to the increase in the electricity charges. Whereas SPI for food, transport and non-food items has shown decrease of 0.67 %, 0.27% and 0.02% respectively during the last week.
While reviewing the price trend of essential commodities, the Secretary Finance apprised that prices of 15 essential commodities registered decline whereas prices of 19 items remained stable during the last week, while prices of 17 essential commodities have shown slight upward trend.
The Secretary Finance also apprised the meeting that prices of essential commodities Tomatoes, Potatoes, Chicken farm, Onions, Eggs, Gur, Sugar, wheat flour bags have registered significant decline during the week. It was also informed that prices of onions and Tomatoes during week under review witnessed same prices as these were three years before.
The Secretary Finance further updated NPMC that the prices of the wheat flour bags remained consistent at Rs. 1100 per 20 kg due to the proactive measures of the Punjab, KP Governments and ICT administration. The meeting expressed satisfaction over the availability of sufficient stocks of wheat in the country.
While reviewing the price of sugar in the country, the Secretary Finance informed that prices are decreasing. The new stocks of sugar are arriving in the market which will further reduce the prices. The Advisor Shaukat Tarin expressed satisfaction over the stability in the sugar prices in the market and directed Ministry of Industries and Production to build strategic reserves of sugar to avoid price hike in future.
The NPMC was also briefed on the prices of Pulse which have shown slight increase in the week under review. The Meeting also reviewed the prices of edible oil in the country and directed FBR to monitor the movement of imported edible outside of FATA/PATA to the settled areas.
The NPMC observed that Sastaa & Sahulat Bazaars in Punjab, KP are offering essential goods at subsidized prices. The Adviser to the PM on Finance & Revenue commended the efforts of the Government of the Punjab and KP administration in providing key items at discounted prices through arranging Sastaa Bazaars.
In his concluding remarks, the Adviser to the Prime Minister on Finance and Revenue stated that the Government is taking all possible measures to ensure smooth supply of essential commodities throughout the country.
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