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24 commodities dearer in Pakistan in Ramzan's first week
Sunday August 07, 2011 08:50:30 PM,
IANS
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Islamabad: The prices of 24 essential commodities
have gone up across Pakistan in the first week of Ramzan,
affecting the poor and middle-class people the most, a media
report said.
A meeting of the National Price Monitoring Committee, taking stock
of the price trend of essential items, found that inflation rate
in these 24 commodities was running at the range of 14.80 percent,
the Urdu daily Jang reported Sunday.
The committee, chaired by Finance Secretary Waqar Masood, noted
that the price rise was being caused by a combination of global
trends in commodity prices and supply and demand-driven factors
largely beyond the control of national entities.
The commodities becoming dearer due to the raging inflation
include onions, potatoes, tomatoes, bananas, kerosene, petrol,
sugar, jaggery, chicken, mutton, eggs, rice, basmati rice, and
mustard oil.
The meeting also reviewed the arrangements made by the provincial
governments and Islamabad administration to control the prices of
food items and ensuring smooth supply during Ramzan.
Representatives from all four provinces, officials from the
commerce, planning and development, industries ministries, the
Federal Bureau of Revenue (FBR), and the Competition Commission
were also present at the meeting.
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