No immediate relief’ from soaring prices, says Asad Umar

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No immediate relief' from soaring prices, says Asad Umar
No immediate relief' from soaring prices, says Asad Umar
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Planning and Development Minister Asad Umar on Monday ruled out “immediate relief” in rising commodity prices, saying it could take at least five months for the “abnormal increase” in global prices to head towards normalcy.

Pinning the recent price hike in Pakistan on the international market, the planning minister said this spell was not expected to subside before March 2022.

“We hope people get relief soon, but — according to experts — the relief may not be visible immediately and actual improvement may be seen from March,” Umar told a press conference in Islamabad.

Umar said once international commodity prices stabilised and the trend headed towards normalisation, “the government will then be responsible to pass on that relief to the masses.”

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