Govt fails to check surging food prices in three years

 Amid positive economic indicators in the first three years of the PTI-led coalition government, a major concern for consumers has been the galloping rise in prices of food items.

Market people say the government has not given paramount importance to soaring food prices owing to lack of an effective price-checking mechanism which is mostly confined to holding weekly meetings of National Price Monitoring Committee (NPMC) rather than taking any practical steps.

From food sector investors to middle man, retailers, wholesalers and mafias, everybody in their capacity have enjoyed a free hand in pushing up the rates to the maximum limit. The government has failed to enforce its writ even to create fear among stakeholders and market forces for facing any serious repercussions in case of any wrongdoings.

Brokerage house analysts offered a different view in contrast to market people observation over rising kitchen item prices.