Sehar Timings Mar 29 - Ramazan 18

Lahore
LHR
04:36 AM
Karachi
KHI
05:12 AM
Islamabad
ISB
04:38 AM
Peshawar
PWR
04:42 AM
Quetta
QTA
05:07 AM

News

Tarin satisfied over stability in prices of sugar, veggies

December 2, 2021 04:03 PM


Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has expressed satisfaction over the stability in the prices of sugar and vegetables in the market.

Shaukat Tarin, presided over the National Price Monitoring Committee (NPMC) meeting held at the Finance Division. Federal Minister for National Food Security & Research Syed Fakhar Imam, Minister of State for Information & Broadcasting Mr Farruk Habib, Secretary Finance, Secretary Industries & Production, Secretary NFS& R, Additional Secretary Commerce, Chairman TCP, MD Utility Stores Corporation, Commissioner ICT, Provincial Chief Secretaries, Chief Statistician PBS and other senior officers participated in the meeting.

National Price Monitoring Committee reviewed the prices of daily commodities and essential food items in the country.

The Secretary Finance briefed the NPMC about the weekly SPI situation which has been decreased by 0.67% during the week under review. While reviewing the price trend of essential commodities, the Secretary Finance apprised that prices of 08 essential commodities registered decline whereas prices of 23items remained stable during the last week, he added.

The Secretary of Finance also apprised the meeting that prices of essential commodities Tomatoes, Onion, Potatoes, Chicken, Sugar registered significant decline during the week as compared to the same period of last year.

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 daily release of wheat by all the provincial governments will further ease out wheat prices at national level.

Chief Secretary Punjab apprised that sufficient stocks of Wheat are available and released accordingly.

The Adviser Finance commended the efforts of the Government of the Punjab, KP and Islamabad administration and advised all provincial governments to ensure that all released Wheat is being converted into flour and available in market at government price.

While reviewing the price of sugar in the country, the Secretary Finance informed that prices are decreasing in the country due to proactive measures of the government. The new stocks of sugar are arriving in the market which will further lower the prices.

The Advisor expressed satisfaction over the stability in the sugar prices in the market.

While reviewing the prices of edible oil, the NMPC observed that the increase in prices of edible oil in the global market has affected the local prices.

While reviewing the production of Pulses in the country, it was informed that Moog Pulse production has increased as compared to the last year.

The Adviser advised to increase the production of Pulses in the country and thereby reduce the burden on imports.

On the stock position of Fertilizers, it was informed that prices have begun to decrease due to taking effective administrative measures.



Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  5. Sahiba meets her father for the first time Sahiba meets her father for the first time
  6. Four terrorists killed as attack on Turbat Naval Base thwarted Four terrorists killed as attack on Turbat Naval Base thwarted

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer