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PM for suitable fixation of prices of essential daily items

  • July 24, 2021

ISLAMABAD – The government has decided to reverse the sales tax to the ex-mill rate till 30th November this year in order to ensure reasonable reduction in sugar price. The decision was taken during a meeting chaired by Prime Minister Imran Khan to review prices of essential commodities. The meeting also decided that ministries of industries and finance would review the future requirement of sugar and its import. The prime minister directed the chief secretaries for suitable fixation of prices of essential daily items and ensure their implementation. It was also decided to take strict action against the negligent concerned officials. For the fixation of proper price of edible oil, it was decided to frame a system. The prime minister also directed for early finalisation of legislation over the data sharing of necessary daily use items. On July 16, the Economic Coordination Committee of the Cabinet during meeting chaired by Finance Minister Shaukat Tareen had approved importing 200,000 metric tons of sugar to build strategic reserves and minimize the role of speculative elements in the domestic market.

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