Provinces told to curb hoarding.

Byline: Khaleeq Kiani

ISLAMABAD -- ExpreAssing concern over shortage of onion and ginger in the country, the government on Thursday asked the provinces and district administrations to depute special teams to check hoarding and black marketing of all essential kitchen items.

A meeting of the National Price Monitoring CommiAttee presided over by Finance Secretary Naveed Kamran Baloch expressed satisfaction over a 'general decline' in prices and observed the trend was expected to continue over the coming weeks.

According to sources, the meeting was informed that price of onion ranged between Rs80 and Rs100 per kg while ginger was being sold at Rs400 per kg because of a shortage. The outbreak of the disease caused by the novel coronavirus in China has adversely affected the supply of ginger.

The committee was also told that a formula aimed at addressing price disparities among districts was in the final stages of formulation.

Representatives of the Competition Commission of Pakistan said that under a decision of the NPMC taken in February 2015 detailed consultations had been carried out to control hoarding, profiteering and cartelisation in essential food items.

It had been concluded that in the aftermath of adoption of the 18th Amendment, laws needed to be changed to improve competitiveness in the prices of foodstuff and agricultural produce and registration of godowns because a series of responsibilities had shifted to the provinces, but enabling laws were still missing. It was explained that over the past four to five years, enough consultations had been conducted for turning a set of provincial laws into an upgraded and uniform law.

Under the uniform formula for pricing, the committee was informed that wholesale rates could be fixed where price components were the same or similar, like farm gate prices, freight, wastage factors, packing and transport while range-bound retail rates could be suggested and displayed with quality indicators.

The formula also proposed creating agricultural supermarkets, minimum support price for essential items, incentives for food processing and canning and exemption from application of price control laws to hyper markets.

The committee expressed surprise over a Punjab government report, which said the retail sugar price in the province averaged Rs76 per kg but some participants reported that ex-mill price in Chiniot was about Rs80 per kg. The committee ordered an investigation to address the...