The Competition Commission of Pakistan (CCP), on the direction of the Honorable Minister for Finance Senator Ishaq Dar given during the last National Price Monitoring Committee (NPMC), conducted a meeting to finalize its recommendations on the price control mechanism for essential food commodities in the country. During the meeting, views and opinions of all the relevant federal and provincial government departments were taken into account. Those who attended the meeting include senior officials of the Ministry of Commerce, Ministry of Planning and Development, Ministry of Inter-provincial Coordination, Federal Board of Revenue, Pakistan Bureau of Statistics, Utilities Stores Corporation, Food and Industries Departments of Punjab, Balochistan, Khyber Pakhtunkhwa and Sindh, and Islamabad Capital Territory Administration. Ikram ul Haque Qureshi, Member (Cartels & Trade Abuses, and Legal) of CCP, briefed the participants about the need for strengthening the existing price control mechanisms in order to ensure supply of essential food commodities at competitive prices to the consumers. The participants greatly appreciated the recommendations given by CCP and offered their support in implementing the same to benefit the consumers. A presentation on CCP's short and long term proposals was given by Shaista Bano, Director General (Cartels & Trade Abuses), CCP. Proposals put forward by CCP include: devising and implementing a uniform pricing formula by all provinces at wholesale level; mapping of commodities' supply in the country; establishment of agricultural supermarkets for farmers on public private partnership model; establishing a monitoring commission to decide on timely import and export permissions related to food commodities; `fixing supporting price of declining crops, and maintaining a security buffer stock to counter supply shortages. CCP will now finalize its recommendations in light of the suggestions received from the stakeholders and present them in the next NPMC meeting. The meeting was also attended by Syed Umair Javed, Director (Cartels & Trade Abuses)Registrar and Maliha Quddus, Deputy Director (Cartels &Trade Abuses) of CCP.
The Competition Commission of Pakistan (CCP), on the direction of the Honorable Minister for Finance Senator Ishaq Dar given during the last National Price Monitoring Committee (NPMC), conducted a meeting to finalize its recommendations on the price control mechanism for essential food commodities in the country. During the meeting, views and opinions of all the relevant federal and provincial government departments were taken into account. Those who attended the meeting include senior officials of the Ministry of Commerce, Ministry of Planning and Development, Ministry of Inter-provincial Coordination, Federal Board of Revenue, Pakistan Bureau of Statistics, Utilities Stores Corporation, Food and Industries Departments of Punjab, Balochistan, Khyber Pakhtunkhwa and Sindh, and Islamabad Capital Territory Administration.
Ikram ul Haque Qureshi, Member (Cartels & Trade Abuses, and Legal) of CCP, briefed the participants about the need for strengthening the existing price control mechanisms in order to ensure supply of essential food commodities at competitive prices to the consumers. The participants greatly appreciated the recommendations given by CCP and offered their support in implementing the same to benefit the consumers.
A presentation on CCP's short and long term proposals was given by Shaista Bano, Director General (Cartels & Trade Abuses), CCP. Proposals put forward by CCP include: devising and implementing a uniform pricing formula by all provinces at wholesale level; mapping of commodities' supply in the country; establishment of agricultural supermarkets for farmers on public private partnership model; establishing a monitoring commission to decide on timely import and export permissions related to food commodities; `fixing supporting price of declining crops, and maintaining a security buffer stock to counter supply shortages.
CCP will now finalize its recommendations in light of the suggestions received from the stakeholders and present them in the next NPMC meeting.
The meeting was also attended by Syed Umair Javed, Director (Cartels & Trade Abuses)Registrar and Maliha Quddus, Deputy Director (Cartels &Trade Abuses) of CCP.
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