Sugar prices stabilizing: Tarin

November 24, 2021 (MLN): Adviser to the Prime Minister on Finance Shaukat Tarin expressed satisfaction over the stability in sugar prices and stressed for appropriate measures to create strategic reserves of sugar in the country for smooth supply of the commodity in coming months.

He was chairing a meeting of National Price Monitoring Committee in Islamabad today [Wednesday] to review prices of essential commodities.

The adviser emphasized that lower international prices be passed on to the domestic consumers.

He directed the provincial governments to take punitive action against fertilizer hoarders and make availability of fertilizers at controlled rates.

The Adviser directed Petroleum Division to take measures for availability of sufficient stocks of Kerosene oil in market.

He expressed satisfaction over prices of commodities in Sastaa Bazars in Balochistan and Sindh and further directed to establish such bazaars in more cities to provide maximum relief to the people.

The meeting was briefed about the weekly Sales Price Index situation that increased by 1.07 percent during the week under review.

The meeting was apprised that prices of 10 essential commodities including onion, potatoes and cooking oil registered decline while 14 items remained stable during the last week.

The prices of wheat flour bags remained consistent at 1100 rupees per 20 kg while of sugar are also easing out due to the proactive measures of Punjab, Khyber Pakhtunkhwa and Islamabad administration.

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