Tarin urges provinces to lift stocks of imported sugar

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ISLAMABAD: Prime Minister’s Financial Advisor Shaukat Tarin has called on provinces to increase imported sugar and supply it to the market, in order to lower the price of the commodity.

The adviser chaired the weekly meeting of the National Price Monitoring Committee (NPMC) on Wednesday, which was informed by the finance secretary that sugar prices are falling in Punjab following proactive government measures.

The adviser ordered all provinces to fill their stocks of sugar by immediately removing imported sugar and injecting it into the market in order to bring down prices.

During the meeting held to review commodity prices, the financial adviser expressed concern about the large price differential of wheat flour in Sindh and Balochistan compared to other provinces. . He ordered the chief secretaries of Sindh and Balochistan to increase the daily outflow of wheat to improve the supply situation in the market.

He said the government wanted to ensure a steady supply of wheat flour throughout the country at the rate specified by the government.

PM orders all stock of sugar to be sold on the market

Tarin also argued that the government has taken a series of administrative and political measures and by managing the supply and demand chain it has been able to control commodity prices compared to last year.

The NPMC noted that the bazaars of Sastaa Sahulat in Punjab offer essential goods at subsidized prices.

Tarin said the government will continue to take all possible measures to ensure a steady supply of essential commodities throughout the country.

Earlier, the finance secretary briefed the NPMC on the weekly SPI situation, which rose 0.67% in the week under review. While reviewing the price trend of commodities, the Secretary of Finance informed that the prices of three commodities registered a decline, while the prices of 20 items remained stable.

The secretary also informed the meeting that the prices of essential products registered lower prices compared to the same month last year. He maintained that the price of sacks of wheat flour has remained constant at Rs 1,100 per 20 kg due to proactive measures by the government of Punjab and the ICT administration.

Federal Minister of National Food Security and Research Fakhar Imam, Federal Minister of Industry and Production Khusro Bakhtiar, State Minister of Information and Broadcasting Farrukh Habib, Advisor to the Prime Minister for Trade and Investment Abdul Razak Dawood, Federal Secretaries, Provincial Chief Secretaries, Chief Statistician of Pakistan Bureau of Statistics (PBS), Chairman of Federal Board of Revenue (FBR), General Manager of Utility Stores and other senior officials were present.

Copyright Business Recorder, 2021

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