Punjab Chief Minister Maryam Nawaz has established a new institution to ensure price control in the province while making significant progress towards fulfillment of promise to rid the people from inflation.
Maryam Nawaz chaired a special meeting in which a detailed briefing was given about the mechanism for ensuring price control and other issues.
The Chief Minister directed special monitoring unit to be fully operational in six months and approved the new price control mechanism as per international standards. The proposals to ensure production of wheat, other commodities and their availability along with fixing their prices were reviewed in the meeting.
The Chief Minister directed to undertake necessary measures to increase the cultivation of sunflower, soybeans and canola to reduce dependence on imported palm oil along with enhancing local production in order to meet the needs of tomatoes, onions and other commodities in every city. It was decided to issue ‘Forecast Bulletins’ to stabilize market prices and utilize artificial intelligence for price control under SMU.
It was principally decided to establish ‘Agri Monitoring Fund’ in Punjab along with undertaking measures to connect farmers directly with buyers was reviewed in the meeting. The proposal to register traders doing business in markets was reviewed.
Maryam Nawaz directed to expedite nomination of PAMRA Board and Market Committee Chairman. She was given a detailed briefing on the price control mechanism.
During the briefing, it was apprised that the reason for increase in the price of ghee and edible oil is due to price hike of palm oil in the global market. With modern technology, the crop yield of wheat and other commodities will be determined in advance. Due to non-purchase of wheat, positive and fruitful results for the country’s economy and its people came to surface.
Maryam directed the authorities to keep a strict vigil on the fluctuation of wheat, flour prices and market dynamics.
