ECC directs collaboration for affordable fertilizer’s rates to benefit farmers

Islamabad: The Economic Coordination Committee has directed the relevant Ministries to work with Provinces to ensure availability of fertilizer to farmers at notified rates.

During today's meeting of the ECC that was held in Islamabad with Finance Minister Dr. Shamshad Akhtar in the chair, it was also directed that strict actions be taken against the fertilizer dealers over charging the farmers beyond the prescribed price.

Pakistan Bureau of Statistics, Ministry of Planning, Development and Special Initiatives briefed the ECC on the inflation situation.

It was informed that inflationary pressures are continuing to persist, however, it declined from its peak of 38 percent in May this year.

Recent energy price adjustments have thwarted downward trajectory and inflations spiked in last month to 29.2 percent.

Inflationary expectations are lowest in almost 12 months and exchange rate stability has played an important role in it.