Share:ISLAMABAD - National Price Monitoring Committee (NPMC) on Wednesday directed the Ministry of Commerce to expedite the process of banning export of perishable commodities in consultation with Ministry of National Food Security & Research for next three months to ensure availability of such commodities at an affordable price to the consumers. The rise in global food commodities and petroleum prices due to COVID-19 pandemic has affected the prices of essential food items worldwide. The finance minister, as chairman of NPMC, directed MD USC to complete the entire process of automation by December, 2021. While reviewing prices of essential commodities, the NPMC noted that current hike in international prices of food commodities may continue to remain strong in the months to follow due to global supply bottlenecks. In his concluding remarks, the finance minister stated that inflation in food commodities is an international phenomenon at the moment.

Source: The Nation September 30, 2021 00:45 UTC