NPMC reviews price trend of essential commodities during last week.

Islamabad -- National Price Monitoring Committee (NPMC) reviewed the price trend of essential commodities, especially wheat, sugar and edible oil, during the week.

Finance Secretary briefed the meeting that weekly SPI registered a decline of 0.22 per cent and the main drivers behind decrease in SPI are falling prices of eggs, tomatoes, potatoes, onions and chicken.

Prices of 21 basic items remained stable whereas seven items registered a decline during the week.

Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh chaired the meeting of the National Price Monitoring Committee (NPMC) in Islamabad on Tuesday.

Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Hammad Azhar, Adviser to the PM on Commerce Abdul Razak Dawood, SAPM on Revenue Dr Waqar Masood, Provincial Chief Secretaries, Secretary M/o Industries and Production, Additional Secretary M/o NFS and R, Additional Secretary Ministry of Planning, Development and Special Initiatives, Chairman FBR, Member CCP, Chairman TCP, MD USC, Member IT/HRM and Member National Accounts from PBS and senior officers of the Finance Division participated in the meeting.

M/o NFS and R apprised NPMC that all stakeholders are on board with reference to existing position of wheat stock in the country. Federal Minister for National Food Security and Research assured all possible measures would be taken to ensure smooth supply of wheat across the country.

The Finance Minister directed the Provincial governments to follow a self-sustaining model and streamline daily...