ISLAMABAD: Minister of Finance Hafeez Shaikh ordered the Ministry of Commerce to hold special meetings with stakeholders to monitor rising prices of egg and vegetable ghee.
The Minister, chairing a meeting of the National Price Monitoring Committee (NPMC) on Monday, urged provincial governments to monitor egg and ghee prices strictly.
In addition, Shaikh ordered the Secretary of Commerce to call a meeting with provincial government officials and the Federal Revenue Board to take further action in this regard.
Ministry of Food Security Secretary Ghufran Memon briefed the meeting on the existing condition of stocks of wheat and sugar. According to him, the increased supply of both goods has contributed to a substantial decrease in prices for customers.
Last week, the nationwide price of eggs rose to the highest ever peak of Rs200-240 per dozen. Egg prices are pegged at Rs240 per dozen in Quetta, the provincial capital of Balochistan, while Rs200 per dozen is generated in other major cities, including Karachi and Lahore.
Consumers have said that the government has absolutely neglected to regulate the rise in egg prices, leaving them at the mercy of poultry farmers and distributors.
In urban areas around the world, a substantial number of families buy two to six eggs instead of a dozen or more eggs in one go, to save costs.
The market pattern of basic commodities was checked by the NPMC. Finance Secretary Naveed Kamran told the committee that the weekly Sensitive Price Index (SPI) has been steadily decreasing over the last four weeks. The SPI reported a decrease of 0.22pc during the lase week, notably in vital food commodities, namely wheat, tomatoes, onions, potatoes and chicken.