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Provinces asked to import wheat, check prices - Newspaper

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin chairing a meeting of the National Price Monitoring Committee on Monday. PPI
ISLAMABAD: The National Price Monitoring Committee (NPMC) on Monday directed provincial government departments to keep the prices of basic commodities in check and import four million tonnes of wheat for building buffer stock.
The NPMC at a meeting, chaired by Finance Minister Shaukat Tarin, declared that cartelisation would not be tolerated at any cost. Stern action should be taken by the provincial administrations and departments concerned to keep the prices of basic commodities in check.
The direction came from the finance minister when the Competition Commission of Pakistan (CCP) presented findings of an inquiry into the poultry sector at the meeting. All those responsible for undue profiteering or hoarding would be taken to task, the minister said. ....

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Govt planning to import 50,000 tonnes of sugar - Newspaper

The government is considering floating an international tender for import of 50,000 tonnes of the sweetener to maintain its price within the official retail rate. Reuters/File
ISLAMABAD: With falling sugar prices in the world market, the government is considering floating an international tender for import of 50,000 tonnes of the sweetener to maintain its price within the official retail rate.
A meeting of the National Price Monitoring Committee (NPMC) presided over by Minister for Finance, Revenue and Industries Hammad Azhar on Monday discussed the proposal.
Last week, the federal cabinet reversed a decision of the Economic Coordination Committee to allow the import of 0.5 million tonnes of white sugar from India via land route. The import of sugar through the land route is cheaper than via sea. ....

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