Inflation to be controlled soon

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Chairman, Standing Committee on Revenue, Relief and Consolidation, Punjab Assembly, MPA Muhammad Ali Raza Khan Khakwani Wednesday said that inflation was a global phenomenon, however, effective measures being taken by the government to control it soon.

Talking to APP by phone, Khakwani attributed price hike to surge in international oil prices, external loans taken by past regimes at higher interest, supply chains largely disturbed by coronavirus pandemic.

The MPA said that government has improved price control law enforcement at district level particularly focusing the food markets and this mechanism was playing an important role in bringing down prices of food items. Khakwani said that government was taking strict action against hoarders without any discrimination while disregarding pressure from influential personalities.—APP

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