Minister for Finance and Revenue Dr. Abdul Hafeez Sheikh has stressed the need for effective functioning of authorities to monitor the demand supply position across the country for provision of daily use items to general public at affordable rates.
He was chairing the meeting of the National Price Monitoring Committee in Islamabad today (Monday).
The forum reviewed the price trend of essential commodities especially wheat, sugar and edible oil.
The Chair noted that the prices of essential items have started showing declining trend which is a positive outcome of vigilant monitoring under NPMC on weekly basis.
He emphasized an increased coordination among Federal and Provincial authorities to identify demand supply gaps and take immediate remedial measures to ensure uninterrupted supply of items of daily use at affordable prices.
The Finance Minister directed the Chief Secretaries to regulate smooth supply of wheat throughout the province by increasing daily release, if needed, and submit a comprehensive report.
Federal Minister for Industries and Production, Hammad Azhar, updated the NPMC about measures being taken to further reduce the prices of sugar and edible oil in consultation with stakeholders.
Source: Radio Pakistan