Govt evolves mechanism to down prices of essential items: Shibli Faraz

Shibli Faraz 1

Govt evolves mechanism to down prices of essential items: Shibli Faraz
Islamabad October 13 (Online): Minister for Information and Broadcasting Syed Shibli Faraz has said the government has evolved a comprehensive mechanism to bring down prices of essential items and their sufficient availability across Pakistan.

He said this while talking to media in Islamabad on Tuesday. Talking about the decisions taken in the Cabinet meeting of the federal cabinet, he said it will be ensured that essential commodities be available at village level and there should be no shortage of edible items. He said this issue will be resolved in coming days. He said the cabinet discussed this matter in detail.

Regarding availability of wheat, Shibli Faraz said sufficient stock of the commodity is present in the country to meet requirements of the people. He said public and private sectors were allowed to import wheat, which has arrived in the country and more is coming in.

He said it was unfortunate that Sindh Government ill intentionally halted release of wheat, which resulted in price hike. He, however, welcomed recent decision of the Sindh Government to start releasing wheat, which will help control prices of the vital staple food of the people.

The Minister also dispelled the impression that Roosevelt Hotel in New York owned by Pakistan International Airlines has been sold out. He said Pakistan has acquired complete ownership of the hotel by paying off its liabilities of about 1,28,000 dollars. He said there is no plan to sell Roosevelt Hotel as it is a national asset. He said the cabinet was informed that PIA has successfully increased its revenue.