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Pakistan Orders Action on Karachi Fares as Price Panel Reports Mixed Weekly Trends

Officials aim to turn subsidies into real relief by forcing closer alignment between wholesale and retail prices.

Overview

  • The National Price Monitoring Committee, which met Saturday, reviewed statistics showing transport fares down 20% to 30% in several cities due to subsidies.
  • Ahsan Iqbal told the Sindh government to fix rising Karachi fares so riders receive the intended relief.
  • Weekly data showed the Sensitive Price Index at 1.93% with eight essentials cheaper and 28 costlier, including increases in diesel, petrol, tomatoes, LPG and potatoes.
  • Officials flagged large gaps between wholesale and retail in Karachi, citing disparities up to 142% for tomatoes and 117% for potatoes.
  • The minister ordered action against hoarding and profiteering, stronger market checks, and guaranteed fertilizer supply before sowing under Prime Minister Shehbaz Sharif’s relief drive.