Govt Initiates Drastic Measures To Control Inflation In Country

Aizbah KhanWeb Editor

29th Mar, 2021. 06:04 pm
Govt Initiates Drastic Measures To Control Inflation In Country

The National Price Control Committee has taken steps to control inflation, as per the directions of Prime Minister Imran Khan.

The Prime Minister will chair the Price Control Committee meeting four times a month to ensure the supply of food items at government rates.

It has also been decided to create cheap markets on a permanent basis in the PTI-ruled provinces.

In addition, it has been decided to give the task of controlling inflation to the Chief Secretaries, according to which the Chief Secretaries will be responsible for measures at the divisional and district level.

Note that, inflation for the first time in the first month of the new year came to the level where the Pakistan Tehreek-e-Insaf (PTI) government met in August 2018, after hitting a high of 14% early last year.

On the other hand, the opposition criticizes the government for the government’s economic mismanagement, which has reduced the GDP to 0.4 per cent, compared to 5.8 per cent in the PML-N government.

The opposition says the government has raised the inflation rate from 4% to 14%.

The International Monetary Fund (IMF) has forecast Pakistan’s economic growth to be 1.5 per cent this year, while the government has set a target of 2.3 per cent for the fiscal year 2021.

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