NPMC reviews price trend of essential commodities

January 26, 2020: The meeting of the National Price Monitoring Committee was held in Islamabad on Monday with Finance Minister Dr. Abdul Hafeez Shaikh in the chair.

The Committee reviewed the price trend of essential commodities especially wheat, sugar, and edible oil during the week.

The meeting was briefed on the weekly Sensitive Price Indicator and decline in prices of wheat flour, vegetables, and eggs due to coordinated efforts of all the Provincial governments across the country.

The committee was told that prices of 08 items registered decline whereas 24 items remained stable during the week.

The meeting was also briefed that the current stock of wheat is sufficient for domestic consumption and the average per day release by the provinces is also satisfactory.

It was said that the retail price of sugar has witnessed a decline during the week under review and would reduce further as imported sugar would be available soon in the domestic market.

The Minister lauded the coordinated and consolidated efforts of the Federal and Provincial governments for uninterrupted provision of wheat and sugar throughout the country. He also emphasized a proactive role on behalf of all authorities concerned to ensure smooth provision of essential items at affordable rates to the general public.

Radio Pakistan