Economics & Business

Govt devising policies to control price hike: PM

ISLAMABAD: Prime Minister Syed Yousaf Raza Gilani has said the government is making short term and long term policies to control continuous price hike of essential commodities. Talking to newsmen after visit of Metro Cash and Carry Store here on Thursday he said although inflation was a global phenomenon but the government was determined to devise such policies that could help control the rising prices in the country.

The Prime Minister said government will devise comprehensive policies to improve the efficiency of marketing for smooth supply of essential goods on reasonable prices. Syed Yousaf Raza Gilani said Pakistan would welcome all types of investments that could help improve food services and ensure quality goods. He said these types of investments would also help generate employment opportunities besides value addition of Pakistani goods.

PM Yousaf Raza Gillani visiting Metro cash and carry store. Earlier on his arrival, Regional Manager of Metro for Asia James Scot informed the Prime Minister that the Metro will set up ten more stores in various cities including Karachi, Lahore, Multan and Faisalabad that would become operative by the end of this year. He said Metro would invest twenty billion rupees in first phase to provide quality goods to the retailers.-SANA

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Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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