Finance Adviser Dr Salehuddin Ahmed has said that the market remains stable, with government measures beginning to show their impact.
He emphasised that it is not feasible to reduce the prices of all commodities simultaneously; it will gradually come down.
Speaking to reporters on Wednesday, after a meeting of the Government Procurement Advisory Council, Dr Salehuddin noted that the interim government is striving to keep commodity prices within people’s purchasing power. He highlighted the need for periodic procurement meetings to maintain a steady supply of imported goods.
"Reducing the prices of all items at the same time is not possible, and the public needs to accept this reality," he said.
Addressing earlier challenges with potato prices, he assured that the situation has improved. Decisions have been made to procure edible oil, lentils and LNG, which are expected to impact the market positively.
The finance adviser explained that the government is expediting essential purchases and approving rational procurements promptly. "Today, we approved the purchase of various fertilizers, LNG, lentils, and soybean oil," he added.
He also pointed out that while some items like potatoes have seen price increases, others remain affordable. "People often discuss price hikes but seldom acknowledge price reductions," he remarked.
Regarding the procurement of textbooks for the upcoming academic year, Dr Salehuddin confirmed the approval of funds for printing textbooks for grades 9 and 10. While efforts are being made to distribute books in January, it may not be possible for all grades.
Highlighting the frequency of procurement meetings, the finance adviser said: "Frequent meetings are held to ensure rapid approval of essential and urgent matters. This demonstrates the interim government’s high level of activity. I have not seen such frequent meetings in the past."
