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The PM promises to take the profiteers head-on

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Prime Minister Imran Khan is girding himself up to deal with the profiteer mafia himself as the government faces high inflation, with the opposition preparing a move to oust him. Local media reported Khan did this statement while chairing a meeting in Federal Capital on the prices of commodities, especially wheat and sugar, as well as their availability and prices. The prime minister said he was personally monitoring the situation and that strict action would be taken against the accumulators and profiteers, with the government mechanism activated to provide the desired relief. While approving the proposed measures, he said that “all possible administrative measures would be taken to lower the prices of basic necessities”. Federal ministers Shah Mehmood Qureshi, Senator Shibli Faraz, Makhdoom Khusro Bakhtiar, Hammad Azhar, Fakhar Imam, Ali Amin Gandapur, advisers Dr Abdul Hafeez Shaikh, Abdul Razak Dawood, Dr Ishrat Hussain and special assistants Dr Shahbaz Gill and Mohamed Usma have attended the meeting Dr Waqar Masood, SBP Governor, Dr Reza Baqir, senior government officials, Punjab Minister of Food Abdul Aleem Khan, Punjab Minister of Industries Mian Aslam Iqbal and Secretary chief of the province attended the meeting through the video link. meeting, the availability of wheat in the country and the prices of wheat and flour in different provinces were examined and the timing of arrival of wheat imported by the government and the private sector and arrival in the country to meet the needs. future needs has been shared. and the prices of flour in different parts of the country by Tiger Force – a youth force of the ruling Pakistan Tehreek-e-Insaf (PTI) – and independent sources were presented during the meeting. A briefing was given on the administrative measures taken to ensure an adequate level of wheat prices and prevention of storage, a detailed system for making reliable estimates of the supply and demand of commodities in these measures. reducing the price differences between wholesalers and retailers, eliminating exploitation in the market and storage, smuggling and speculation as well as making the surveillance system more efficient were discussed and reviewed. An information meeting on the new administrative measures was also given at the meeting. The meeting was briefed on the situation of the release of wheat by the government of Punjab on a daily basis. The meeting was informed that the publication would be launched by the government of Sindh between October 15-16, and it was decided that the wheat released daily by the government of Punjab would be further increased so that a sufficient supply of wheat could be available in the market. . The second part of the meeting was the subject of a briefing on the availability of sugar, imported sugar and its prices. The meeting was informed that the imported sugar would be available to the population at rates below the current price. The meeting was informed that the grinding season will start from November 10 in the Punjab. Existing stocks, imported sugar and an early start to the grinding season will not only provide a sufficient supply of the raw material but also reduce its prices.

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