Summary Institutional mechanisms, particularly through the National Price Monitoring Committee, have strengthened market oversight and enabled timely interventions.
ISLAMABAD (APP) - The Economic Coordination Committee (ECC) here on Monday noted improving price stability and easing inflationary pressures on essential commodities, highlighting declining trends in key indices, better supply-side coordination, and targeted policy actions.
The committee, which met under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb also approved a series of fiscal measures and reforms to support economic stability and governance.
The committee was informed that following a period of volatility, recent data indicates gradual stabilization in prices supported by coordinated efforts at the federal, provincial, and district levels.
Institutional mechanisms, particularly through the National Price Monitoring Committee, have strengthened market oversight and enabled timely interventions.
It was informed that inflationary pressures, while present, were showing signs of moderation, with emerging trends pointing toward improved price stability.
Weekly monitoring data reflects that, after a temporary uptick, the pace of increase in prices of essential items has slowed, with recent weeks showing a declining trend in the Sensitive Price Index (SPI). A number of essential commodities have witnessed price reductions while some have shown only marginal increases, indicating a broader easing in price pressures.
The ECC was further apprised that prices of key food and household items are gradually converging toward more stable levels, with some commodities returning close to pre-volatility benchmarks.
This trend has been attributed to effective administrative measures, improved supply chain monitoring, and enhanced coordination between federal and provincial authorities.
The committee noted with satisfaction that the combination of timely policy responses, strengthened monitoring mechanisms, and coordinated implementation has begun to yield positive outcomes, with clear indications of stabilization in the prices of essential items and improved market sentiment.
Later, the ECC took up regular agenda items and approved a number of proposals, including Technical Supplementary Grants (TSGs) across ministries and divisions.
