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Whereas CPI for Month-on-Month basis remained at -0.02 % in December 2021, however it was 3.0% in November 2021. The NPMC was briefed on the availability of essential goods at subsidized rates at the Sastaa & Sahulat Bazaars across the country. He also advised Government of Sindh and the Baluchistan to extend Sastaa Bazaars for the welfare of the general public. On the prices of edible oil in the country, Secretary Ministry of I&P informed the meeting that appropriate strategy is being chalked out against the edible oil manufacturers to address the issue of charging higher prices from domestic consumers relative to prices in the international market . Consumer Finance The team also highlighted about the PM’s motive for ‘Investment in Sustainable Infrastructure’ and commended the efforts of current government in this regard. Federal Minister for Finance and Revenue Mr. Shaukat Tarin, presided over a meeting on Low Cost Housing at Finance Division today. Chairman NAPHDA, Lt. ...

NPMC also discussed sugar prices in the country and directed Ministry of Industries and Production to expedite the process for building strategic reserves of sugar in the country and maintain stability in prices. The meeting also discussed Fertilizer situation in the country and directed Ministry of NFS&R to formulate strategy in consultation with provincial governments for giving adequate relief to the growers. The meeting expressed satisfaction on availability of daily commodities in Sastaa Bazars on discounted prices. Federal Minister for Privatization Muhammadmian Soomro, Chairman Privatization Commission, Secretary Finance and other senior officers participated in the meeting. Finance Minister Mr. Shukat Tarin highlighted long relationship of ADB with Pakistan and appreciated the role of ADB in extending support to Pakistan during testing times. Most feasible and pragmatic initiatives have been screened out by the committee members for dealing with inflationary pressure an...