Islamabad: In an effort to curb rising prices and economic instability, the Punjab government has announced the formation of a new task force dedicated to controlling the cost of essential commodities within the province.

According to Ministry of Information and Broadcasting, Provincial Minister for Information Azma Bukhari, during a press conference in Lahore alongside Minister for Minority Affairs Ramesh Singh Arora, detailed the establishment of a Price Control Authority. This body will actively monitor and address price hikes and potential hoarding practices.

While this move aims to stabilize prices and alleviate the economic burden on citizens, it raises questions about market dynamics. The intervention could provide immediate relief to consumers, ensuring affordability of basic goods. However, such controls, if not managed carefully, might lead to unintended consequences such as shortages or reduced market competitiveness.

Minister Arora also highlighted the provincial government’s commitment to the rights of minorities, applauding the recent increase in budget allocations for minority funds, which is expected to support various community-specific projects and initiatives.