Pakistan Minister for Economic Affairs Division Hammad Azhar (Photo| Facebook/ @HammadAzharPTI) 
World

Pakistan Economic Affairs​ minister blames trade suspension with India for food prices hike

Minister for Economic Affairs Hammad Azhar said that the centre was taking up the matter with provincial governments for setting up of Sasta Bazaars and effective use of magistracy system.

From our online archive

ISLAMABAD: A senior Pakistani minister has blamed the suspension of trade with India for the current price hike of food items in the country as the prices of tomatoes skyrocketed to Rs 300 per kg.

Minister for Economic Affairs Hammad Azhar's remarks came on Tuesday evening when senior members of the economic team of Prime Minister Imran Khan were briefing the media about the latest economic situation.

Dawn newspaper reported that Azhar said the prevailing price hike, particularly the food inflation, emanated from the suspension of trade with India and seasonal factors and the role of the middleman.

He said the centre was taking up the matter with provincial governments for setting up of Sasta Bazaars and effective use of magistracy system to ensure relief to the public. He said the inflation would start going down in January-February.

His remarks came after the prices of tomatoes touched Rs 300 per kg, creating panic among the people as the vegetable is a key ingredient of every kitchen. Pakistan downgraded diplomatic ties and suspended trade with India after New Delhi revoked special status given to Jammu and Kashmir on August 5.

Trump says US will be out of Iran 'pretty quickly' as Tehran rubbishes claims of seeking ceasefire

West Asia conflict: PM reviews supply chains, price stability, diversification for LPG and LNG in CCS meeting

Amazon's cloud computing facility in Bahrain hit in Iranian strike, reports Financial Times

Bengal elections: Voters whose names were deleted from electoral rolls after SIR, gherao judicial officers in Malda

IndiGo revises fuel charges by up to Rs 950 for domestic flights after jet fuel price hike

SCROLL FOR NEXT