Poverty and prices


Pakistan is a developing state, having rich resources but the governments have failed badly to utilise these resources for the betterment of the common man, and the stakeholders have been utilising these resources to protect their personal interest.

This is the reason why the prices of consumer items have been increasing whereas the purchasing power of the people is decreasing. Producers, traders and shopkeepers set their rates to their liking and there is no governmental check on it. Pakistan’s economy is thus facing decline and monopoly of the big fish which create problems of black marketing and artificial shortage of commodities. When the state intervenes, traders and shopkeepers go on strike.

After a few days the holy month of Ramazan is coming up. I want to divert the attention of the government to the peculiar problem that in the month of Ramazan the prices of daily consumer goods are enhanced. The poor people cannot afford to pay high prices. The government must, therefore, intervene effectively to check the rising prices.

The solution of this problem is that a new market control system may be formed to monitor and control the prices and ensure the availability of products in markets.