All effort to be made to stabilize onions, tomatoes prices

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Federal Minister for Commerce Naveed Qamar Tuesday said that immediate steps would be taken to ensure the availability of tomatoes and onions to the consumer, while all possible efforts would be made to stabilize their prices.

A meeting was held under the chairmanship of Naveed Qamar to assess availability of tomatoes and onion in the country, said a press release issued here.

During the meeting, it was discussed that the country will face a shortage of tomatoes and onion in the next three months.

The recent floods have heavily damaged the crops resulting in price hike and shortage of these commodities.

The participants agreed in the meeting that import of tomatoes and onions will help to stabilize the commodities prices and will ensure availability in the market.

In order to further facilitate import of onions and tomatoes, the Ministry of Commerce, Ministry of National Food Security and Research and Federal Board of Revenue (FBR) will work together. Furthermore, they will monitor the situation daily to ensure supply of the commodities to the market.

The meeting was apprised that the private sector is supplier, as well as importer of the two commodities.

Furthermore, a proposal to the Economic Coordination Committee will be tabled to allow a waiver of levies and duties on import of tomatoes and onion, so that the items are available in the market at a reduced price.

It was discussed in the meeting that import from Iran and Afghanistan will have minimal impact on the foreign exchange because of special arrangements on trade with these countries. —APP

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