Abb Takk News

PM Directs Crackdown Against Profiteers, Hoarders

ISLAMABAD: Prime Minister Imran Khan Friday directed the provincial governments to launch crackdown against profiteers and hoarders and keep strict check on prices of daily use items.

Chairing a meeting to review the prices of eatables and control inflation at Prime Minister Office, the prime minister asked the provincial governments to take strict action against those creating artificial inflation. He said in order to end the monopoly of the profiteers and control the prices, it was essential to fully activate the Tehsil level market committees.

He directed the Economic Coordination Committee to furnish proposals and take immediate decisions including import of wheat and other administrative measures to stabilize the wheat and flour prices.

It was told that the flour prices had increased owing to the disturbance of the demand and supply chain as the Sindh government had not purchased wheat this year.

Taking notice of the matter, the prime minister directed the PASSCO to immediately release 100,000 tons of wheat to Sindh and 150,000 tons to KP provinces to ensure stability of wheat and flour prices in the market.

He said while acting against the hoarders, the provincial governments should ensure that the growers and farmers did not face any exploitation and the commission agents did not make undue profit.

The prime minister also called for making the supply chain of eatables easy and transparent and asked the provincial administrations to come up with a coordinated mechanism in this regard.