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Directive by finance minister: PBS told to collect price data through new methodology

Top Story May 4, 2021 ISLAMABAD: Federal Minister for Finance Shaukat Tarin has directed the Pakistan Bureau of Statistics (PBS) to ensure data collection for prevailing prices of different commodities from Ramazan Saasta/Saulahat Bazaar for wide coverage. This directive has created an awkward situation for the PBS because it was mandated to collect the prices under defined methodology finalised through rebasing exercise and any change in methodology would distort the whole data of collection process for calculating inflation figures. Although, the PBS officials are tight-lipped and no one was ready to say anything on the record, insiders say that the PBS was left with no other option but to refer this issue towards its high-powered technical committee and then go back to the National Price Monitoring Committee (NPMC) with its response in line with the recommendations finalised by this technical committee on how the directives of the finance minister could be incorporated for da

Pakistan plans to import more wheat to stabilise flour prices

Directive by finance minister: PBS told to collect prices data through new methodology

National May 4, 2021 ISLAMABAD: Federal Minister for Finance Shaukat Tarin has directed the Pakistan Bureau of Statistics (PBS) to ensure data collection for prevailing prices of different commodities from Ramazan Saasta/Saulahat Bazaar for wide coverage. This directive has created an awkward situation for the PBS because it was mandated to collect the prices under defined methodology finalised through rebasing exercise and any change in methodology would distort the whole data of collection process for calculating inflation figures. Although, the PBS officials are tight-lipped and no one was ready to say anything on the record, insiders say that the PBS was left with no other option but to refer this issue towards its high-powered technical committee and then go back to the National Price Monitoring Committee (NPMC) with its response in line with the recommendations finalised by this technical committee on how the directives of the finance minister could be incorporated for dat

Pakistan to import more wheat to ensure steady supply, stable prices throughout the year

Pakistan to import more wheat to ensure steady supply, stable prices throughout the year By A wheat farmer pictures in the fields. Photo: File Pakistan to import wheat to build strategic reserves, ensure steady supply of wheat throughout the year. Shaukat Tarin urges authorities to keep undue profiteering and price hike in check. Tarin urges provincial governments to ensure daily release of wheat on subsidized rates. ISLAMABAD: The government has planned to import more wheat during the year to ensure prices of the staple food remain stable and its supply remains stead, according to a report in This was revealed by the secretary to the ministry of food security who was briefing the National Price Monitoring Committee (NPMC) about availability of wheat stocks across the country. 

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