Pakistan News

Provincial Government To Prevent Unjustified Profiteering: Ahsan Iqbal

Provincial Government To Prevent Unjustified Profiteering: Ahsan Iqbal

September 29, 2022 / By Zunair Tahir / Pakistan News


Today in Islamabad, Professor Ahsan Iqbal, Minister for Planning, Development, and Special Initiatives, presided over a National Price Control and Monitoring Meeting to evaluate the progress of the decisions made at the previous NPMC meeting.

There were officials from the Ministry of Finance, line ministries, the FBR, the Trading Corporation of Pakistan, the Utility Stores Corporation of Pakistan, PASSCO, and the Chief Economist, Dr. Nadeem Javaid.

ALSO READ: Inauguration Of Ishaq Dar As New Finance Minister

The Minister evaluated the actions taken by the respective departments and the resultant impact on the trend in pricing of basic products in light of the recent floods that caused damage to staple food commodities like wheat, potatoes, tomatoes, and other crops.

Sensitive Price Index Report was presented by the Pakistan Bureau of Statistics (PBS) (SPI). According to reports, production of ten necessities—including power, tomatoes, LPG cylinders, bananas, garlic, pulse masoor, and cooking oil—has decreased during the last week.

Wheat was included in the report on commodities with rising prices. The estimate comprising 17 cities and derived from various provinces was also considered at the conference.

It should be mentioned that the Sensitive Price Index (SPI) is calculated on a weekly basis in order to examine the country’s price situation and gauge how vital commodities are changing in price over shorter time periods.

The Pakistani Competition Commission gave an analytical study on the nationwide profiteering phenomenon. The Minister gave the order to dissuade shops from making excessive profits and to implement real solutions in this regard.

READ MORE: In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

Due to the enormous pricing differences between the wholesale and retail marketplaces. The minister further ordered the administration in Islamabad and the provincial governments to work together to reduce the profit margins between the wholesale and retail costs of necessities.

The Planning Minister instructed Provincial administration to closely monitor profiteering and to keep all associations informed in order to distribute aid to the general public.

The Ministry of Industries informed the public that the price of palm oil has significantly decreased on the global market; nevertheless, the local market would not immediately feel the effects of the substantial reduction on the global market.

The Minister of Industries was instructed to secure a 20 rupee reduction in Ghee/edible oil costs within the upcoming month.

The conference was informed that the destruction caused by floods has resulted in a significant reduction in the supply of commodities, which has increased prices overall. The Minister emphasized that the Laya supply of wheat should have a significant influence on Balochistan’s wheat prices.


READ MORE NEWS…


2022 Car Prices (11) 2022 CARS (14) 2022 News (25) 2022 Pakistan News (9) 2022 Tech News (14) 2023 Cars Price List (11) apple (11) automobile (10) Automotive Blogs (10) Automotive News (63) Automotive News Pakistan (20) Auto Sector (13) Blogs (10) Business News (9) car news (26) Car Prices (11) cars (48) cars 2021 (11) cars of pakistan (47) electric cars (11) entertainment news (11) F1 (20) F1 News (10) Hyundai (9) Imran Khan (14) Imran Khan News (16) MG Pakistan (11) new cars (33) news (161) news pakistan (16) pakistan automotive news (12) Pakistan Government (28) Pakistan News (50) PCB (13) proton (12) proton pakistan (14) PTI (13) Sports News (22) suzuki (11) Suzuki Pakistan (10) Tech News (27) Toyota (11) toyota pakistan (9) Weintek (9) Weintek Pakistan (9)

Pakistan News

A Cop Dies In Raid PML-N Govt Decides To Stop PTI’s Long March

A Cop Dies In Raid PML-N Govt Decides To Stop PTI’s Long March

May 24, 2022 / By Zunair Tahir / Pakistan News

ISLAMABAD: The PML-N administration has opted to halt Imran Khan’s Azadi March in Islamabad, despite mounting pressure from the PTI for early elections and the government’s determination to stay put.

  • PM Shehbaz Sharif presided over a meeting of the PML-political N’s committee.
  • “Such actions are equivalent to wrecking the economy,” says Prime Minister Shehbaz Sharif.
  • The meeting will discuss the political environment and possible responses to the PTI’s lengthy march.

The decision was made during a meeting of the PML-political N’s committee, which was chaired by Prime Minister Shehbaz Sharif, only hours after a cop was killed during a raid on the home of a PTI politician.

With security increased in the federal capital and a crackdown on PTI members around the nation Friday night, all eyes were on PTI Chairman Imran Khan’s lengthy march to Islamabad, which was planned earlier as part of the party’s anti-government campaign calling for early elections.

Today’s gathering focused on discussions about the country’s current political situation and strategies for dealing with the PTI’s protracted march.

Interior Minister Rana Sanaullah briefed reporters on the current state of law and order, as well as steps to guarantee peace and security.

According to Geo News, which cited sources, it was decided that the “public’s security” must be assured.

During his presentation to the gathering, Prime Minister Shehbaz Sharif was quoted as stating, “Such measures are akin to wrecking the economy.”

The prime minister went on to say that the state’s authority would not be jeopardized at any cost, and that any criminal activity will be stopped.

In the event of any aggressive or offensive behavior, the meeting voted to take legal action.

In a news conference to be held shortly, the interior minister will advise the media on the strategy to disrupt the march.

All chief secretaries, inspectors general, and other key officials would be videotaped in, and district and provincial administrations will be given instructions on how to prevent the PTI from marching on the federal capital.

Azadi March will begin as scheduled: Qureshi, Shah Mehmood

As news of the existing government’s announcement of a ban on the PTI’s long march arrived, PTI leader Shah Mahmood Qureshi declared at a press conference in Peshawar that the freedom to march is a fundamental, constitutional, and legal right.

He claims that Bilawal Bhutto Zardari led a march, but that the government did nothing to stop it. Maulana Fazlur Rehman recently organised a sit-in in Peshawar that was not even prevented, he stated.
“I want to be clear that we will not stop and that our march will go as planned,” Qureshi stated.

“Regardless of what happens, PTI personnel must complete the long march,” Qureshi stated.


READ MORE NEWS…


2022 Car Prices (11) 2022 CARS (14) 2022 News (25) 2022 Pakistan News (9) 2022 Tech News (14) 2023 Cars Price List (11) apple (11) automobile (10) Automotive Blogs (10) Automotive News (63) Automotive News Pakistan (20) Auto Sector (13) Blogs (10) Business News (9) car news (26) Car Prices (11) cars (48) cars 2021 (11) cars of pakistan (47) electric cars (11) entertainment news (11) F1 (20) F1 News (10) Hyundai (9) Imran Khan (14) Imran Khan News (16) MG Pakistan (11) new cars (33) news (161) news pakistan (16) pakistan automotive news (12) Pakistan Government (28) Pakistan News (50) PCB (13) proton (12) proton pakistan (14) PTI (13) Sports News (22) suzuki (11) Suzuki Pakistan (10) Tech News (27) Toyota (11) toyota pakistan (9) Weintek (9) Weintek Pakistan (9)

PreviousNext

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.