Data-Driven Price Control Strategies for Economic Resilience
The National Price Monitoring Committee (NPMC), chaired by Planning Minister Ahsan Iqbal, urged provincial authorities to conduct regular price assessments in coordination with the Pakistan Bureau of Statistics (PBS) to curb inflation and improve price control mechanisms across Pakistan. This collaboration is pivotal for monitoring essential commodities at the district level, ensuring accuracy, and addressing inflation through data-driven decisions. Planning Minister Iqbal emphasized that adjustments in transport fares, aligning with inflation trends, are essential to pass on economic relief to the public. Reduced transportation costs, facilitated by better price management, aim to improve accessibility and affordability for consumers nationwide. To enhance transparency and stability in consumer prices, the NPMC instructed provincial governments to monitor discrepancies between wholesale and retail prices. A data repository is being developed to allow chief ministers to review this info…
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