Food ministry to take ECC nod for 4mln tons wheat import
Business
May 11, 2021
ISLAMABAD: Food ministry will present a summary to import four million tons of wheat before the next meeting of Economic Coordination Committee (ECC) of the cabinet, officials told on Monday.
The officials told the National Price Monitoring Committee’s (NPMC) meeting that the summary to import 4 million metric tons of wheat would be presented before the next ECC for requisite approval to build strategic reserves and to ensure smooth supply of wheat across the country.
The meeting noted that major driver behind increase in prices of items of daily use is massive international price hike due to ongoing COVID-19 crisis. The year-on-year comparative analysis indicated that price of crude oil increased by 178 percent in April 2021 compared to April 2020.
Daily Times Finance minister says govt making all-out effort to ensure smooth supply of basic items to public CCP presents findings before NPMC regarding completion of recent inquiry in poultry industry
May 10, 2021
The National Price Monitoring Committee (NPMC) on Monday observed that major driver behind increase in prices of items of daily use was massive international price hike due to ongoing COVID-19 crisis, according to a statement issued by the Finance Ministry.
The committee meeting was held in Islamabad under the chairmanship of Finance Minister Shaukat Tarin. Minister for National Food Security and Research Syed Fakhar Imam; Adviser on Commerce Abdul Razak Dawood; Special Assistant on Finance and Revenue Dr Waqar Masood, secretaries, chief secretaries, and senior officers of various ministries participated in the meeting.
Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today.
The NPMC reviewed the price trend of essential commodities, especially wheat flour, sugar, edible oil/ghee, pulses, and chicken, during the last week. While briefing the NPMC about weekly SPI, the Finance Secretary apprised that prices of 07 basic commodities registered a decline, whereas 26 items remained stable during the week under review.
Federal Minister for National Food Security and Research, Syed Fakhar Imam, updated the NPMC about the wheat procurement drive of the Provinces and PASSCO to ensure a steady supply of wheat at fair prices during the current year.
NPMC sees rising international prices as a cause of inflation Mon 10th May 2021 | 06:44 PM
The National Price Monitoring Committee (NPMC) on Monday observed that major driver behind increase in prices of items of daily use was massive international price hike due to ongoing COVID-19 crisis
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th May, 2021 ) :The National Price Monitoring Committee (NPMC) on Monday observed that major driver behind increase in prices of items of daily use was massive international price hike due to ongoing COVID-19 crisis.
The NPMC meeting was held here under the chairmanship of Finance Minister, according to press statement issued by the Finance Ministry.
Govt striving to ensure smooth supply of basic items: Tarin
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Govt striving to ensure smooth supply of basic items: Tarin
ISLAMABAD (Dunya News) - Finance Minister Shaukat Tarin said that government is striving to ensure smooth supply of basic items through a network of Ramadan Sahaulat and Saasta Bazaars and Utility Stores to ease shortages and check price hike.
Chairing a meeting of the National Price Monitoring Committee in Islamabad today (Monday), he said the COVID-19 pandemic has caused price hike in food items in international markets especially edible oil, sugar, tea and wheat.
The Finance Minister said cartelization is not acceptable at any cost and stern action will be taken to keep the prices of basic commodities in check and all those responsible for undue profiteering or hoarding will be taken to task.