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Voicing serious concern over sky-rocketing prices of almost all essential commodities in Ramazan, President of Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki, urged Sindh government and Karachi Municipal Corporation to take stern action against profiteers and hoarders.
In a statement issued on Thursday, the KCCI chief noted that prices of all household commodities, fruits and vegetables have been increased by shopkeepers due to lack of efficient price control mechanism, resulting in further intensifying the hardships being faced by the poor masses.
Globally, he said, prices of various commodities are immediately reduced and special discounts are also offered to public to welcome the holy month of Ramazan, but unfortunately the greedy profiteers in Pakistan immediately raised prices of kitchen products to get maximum profits and hoarders created artificial shortages of necessary commodities in order to benefit from the situation.
He said that although price lists are regularly issued by KMC, no shopkeeper bothered to adhere to the prices quoted in these lists and continue to overcharge the customers. To deal with this issue, he suggested that inspection/ vigilance teams should be deployed at all markets of the city to effectively monitor prices and take indiscriminate action against profiteers and hoarders by imposing fines and sending them to jail. Abdullah Zaki said that all concerned departments of Sindh government and KMC should closely monitor prices of all commodities, particularly fruits, vegetables and other important kitchen items on daily basis and no one should be allowed to exploit the public.

Copyright Business Recorder, 2014

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