The
increase or decrease in the value of the dollar is not related to the prices of
food items. Until the dollar value stabilizes, inflation cannot be controlled.
Unfortunately,
the prices of commodities are increased on the pretext of increase in dollar
value which is not true, the government should activate price control
committees and make better policies to control inflation, and putting pressure
on retailers will not reduce the prices of food items. For economic stability,
the interest rate should be 8%.
Sales tax
should be collected by abolishing duty on import and export; these views were
expressed by the participants in the "Express Forum" organized on the
topic of "How to end inflation?"
Economist
Dr. Qais Aslam has said that in Europe 3, America 5, India 6, Brazil 8, Japan
negative 1 while Pakistan has 22 percent interest rate, how can the economy run
in such a situation? Interest rate should be increased to 8 to 9%, electricity
rates should be brought down, taxes should be reduced, relief should be given
to people, import and export duty should be removed and sales tax should be
imposed.
Former
regional chairman of FPCCI, Dr. Muhammad Arshad said that there is uncertainty
due to fluctuation in the dollar rate, unless the dollar rate stays at one
place, it will not affect retail. Prices would fall, there was no practical
reason for the dollar to hit 276. This is the reason why this reduction has not
been passed down.
President
Grocery Merchant Association Punjab Hafiz Arif said that the cause of inflation
is bad governance and exploitative system, people's purchasing power is
decreasing with each passing day, inflation is the worst for the poor, the
government has given flour, ghee, sugar. It has also been considered a luxury
item, it has become difficult for people to eat bread.
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