ISLAMABAD: In response to the continuous surge in onion prices, the caretaker federal government of Pakistan has decided to impose restrictions on onion exports, a local news channel reported on Sunday.
The government’s measures include the imposition of advance payments to discourage onion exports, and the establishment of a minimum export price for onions. These steps aim to prevent an expected shortage of onions in the country and curb further escalation in onion prices.
The decision comes at a time when Pakistan is grappling with an increase in short-term inflation, which soared to 43.16% in the week ending December 14. The inflationary pressure has been primarily attributed to rising prices of pulses, rice, and vegetables.
Pakistan’s Govt Taking Measures to Curb Inflation
To address the economic challenges posed by inflation, the government’s move to restrict onion exports is seen as an effort to stabilize domestic prices and ensure an adequate supply of this essential commodity. These measures are expected to provide relief to consumers and contribute to managing overall inflation levels.
In addition to restricting onion exports, the government has also implemented various measures to address inflation in other sectors, including setting a minimum export price and imposing advance payments. These actions reflect the government’s commitment to maintaining economic stability and safeguarding the interests of the public amid economic challenges.
