NPMC reviews price trend of essential commodities

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By Ali Imran

ISLAMABAD: Chaired by the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, the meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division on Tuesday reviewed the price trend of essential commodities especially wheat flour, sugar, edible ghee, chicken and vegetables during the last week..
Federal Minister for National Food Security and Research Syed Fakhar Imam, SAPM on Finance and Revenue Dr. Waqar Masood, Secretary Finance Division, Secretary M/o NFS&R, Secretary M/o Industries and Production, Provincial Chief Secretaries, Member PBS, MD Utility Stores Corporation and other senior officers participated in the meeting.
Briefing the NPMC about weekly SPI, the Finance Secretary apprised that prices of 09 basic commodities registered a decline whereas 30 items remained stable during the week under review. In compliance with the earlier directions of the Finance Minister, the Pakistan Bureau of Statistics updated the Committee about data collection methodology and presented a detailed working regarding disparity between wholesale and retail prices of essential commodities. After due deliberation, the NPMC directed PBS to further review its data collection methodology to reflect variation between wholesale and retail levels for basic commodities across different cities accurately.