Finance Ministry opposes fixing prices, proposes subsidy

By: News Desk      Published: 06:44 PM, 28 Jan, 2021
Finance Ministry opposes fixing prices, proposes subsidy

Ministry of Finance has opposed keeping the prices of different items fixed as provided under the Prime Minister’s package, reported 24NewsHD TV channel on Thursday.

It has instead given the suggestion of determining subsidy on each item.

The ministry is of the view that rates of different commodities should keep changing as per the market trends.

Similarly, the ministry has suggested empowering a special committee or a board to determine prices of different goods at utility stores.

The Finance Ministry has also supported the idea of increasing the prices of sugar, ghee and flour at utility stores.

Prime Minister Imran Khan on February 10 last year said he had decided to introduce a relief package of Rs15 billion to tackle the rising inflation and provide aid to poor people of the country.

According to details, PM Imran chaired the meeting of economic team where the decision regarding the relief package was taken.

It was decided that the relief will be provided on food items through the utility stores. The administration will also monitor the food prices at the district level.

The meeting was attended by PM’s Special Assistant on Social Protection Dr Sania Nishtar, Chairman Utility Stores Zulfiqar Ali Khan, federal secretaries of Finance ministry, Commerce ministry and Social Protection Division, Managing Director Utility Stores and other senior officers.

Prime Minister Imran Khan said that the government would leave no stone unturned in providing relief against inflation to general public particularly poor and salaried class.

Imran Khan said the government cannot act as a silent spectator on the difficulties faced by the poor people.