Islamabad: According to press reports, Finance Minister Shaukat Tarin directed the Secretary Ministry of National Food Security and Research to build strategic stocks of critical commodities under the Public-Private Partnership (PPP) model. During a meeting of the National Price Monitoring Committee (NPMC) to examine commodity prices, the decision was made.
Commodity warehouses, storage facilities, and agri-malls will be built as part of the initiative to deter the hoarding of basic commodities including wheat, sugar, and palm oil. Given the coronavirus epidemic and fluctuating commodity costs, the minister believes that developing strategic stockpiles for essential food products is vital.
Because the government will release these reserves to control supply and demand in the market, the strategy will avoid undue profiteering. Pakistan is also a net importer of wheat, oil/ghee, sugar, and pulses, according to him. The group also discussed the pricing of different consumer goods, such as wheat and sugar, as well as import-related issues.