Pakistan: Finance Minister orders urgent review of sugar stocks amid inflation concerns
Pakistan’s Finance Minister, Muhammad Aurangzeb, directed a review of national stocks of wheat, rice, and sugar amid flood-induced disruptions. The Steering Committee on Inflationary Trends will monitor crop conditions, prices, and supply chains, with federal and provincial coordination. Measures aim to support vulnerable households, stabilize food supply, and control inflation.
Islamabad: Federal Finance and Revenue Minister Senator Muhammad Aurangzeb on Friday instructed the Ministry of National Food Security and Research and the Pakistan Bureau of Statistics to immediately review the country’s stocks of key food items, including wheat, rice, and sugar, in coordination with provincial authorities, reports The Nation.
The directive came during the first meeting of the Steering Committee on Inflationary Trends in Pakistan, chaired by the finance minister. The committee, set up last week by the Prime Minister, examined both domestic and international factors driving inflation and discussed their impact on food prices, especially for vulnerable and low-income groups affected by recent floods.
The committee decided to closely monitor the prices of essential items and track the condition of major crops to assess the ongoing impact of floods. It was agreed that recommendations for necessary administrative actions would be developed jointly with federal and provincial bodies.
Aurangzeb assured the committee that the Ministry of Finance would extend full support to provide relief for poor households and flood-affected communities across the country. He also directed participants to prepare concrete proposals to ensure smooth supply chains, adequate stocks, and effective measures to control inflation.
The meeting was attended by federal secretaries, senior officials from the Finance, Power, and Petroleum divisions, representatives of the Ministry of Planning, Development and Special Initiatives, the State Bank of Pakistan, Pakistan Bureau of Statistics, and the Sustainable Development Policy Institute (SDPI). The finance minister also called for the next meeting to be held soon to ensure timely action.
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Source : Chinimandi
