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Soaring food prices badly affecting common man: Islamabad Chamber of Commerce and Industry

Islamabad, July 27, 2012 (PPI-OT): Prices of general commodities have gone up manifold during Ramadan that have badly affected the purchasing power of a common man.

It has become difficult to live in within the budget as the price of general items have increased 25 percent to 50 percent increase, increasing the burden on the troubled common man, said Yassar Sakhi Butt, President of Islamabad Chamber of Commerce and Industry in a statement.

He was of the view that around 40 percent of population did not even have access to food needed for adequate nutrition, whereas, high food prices have significantly affected the purchasing power of masses. Government should adopt appropriate food security policies to provide relief to millions of poor people at least in the holy month of Ramadan, President ICCI emphasized.

ICCI President said that Government must take measures to stop further increase in food prices. He said that Government has failed to provide any relief even in Ramadan as sasta bazaars and utility stores are not providing adequate relief to common man.

He said that prices of pulses, oil and ghee, fruits and vegetables have gone out of reach. ICCI President stressed the Government to take appropriate measures to control food inflation as it is common concern for all the masses.

Yassar Sakhi Butt said that the price lists issued by the local administration seems a showpiece in the shops as the shopkeepers are not following the prescribed rate lists. The wholesalers and retailers, particularly of fruits and vegetables, are enjoying a freehand and are fleecing the consumers in the holy month despite the tall claims of the authorities concerned, he added.

ICCI President said that Government should have strict control over food prices during Ramadan through proper monitoring the operations of saasta bazaars for providing adequate relief to the common man.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

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