The federal cabinet has approved a ban on the export of bananas and onion till April 15, 2024, a step taken to bring down rates during Ramzan, reporting Geo News.
The first meeting of the newly elected federal cabinet was held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation of the country was deliberated upon and important decisions were taken including the ban on exporting bananas and onions.
The ban was imposed to ensure ample availability in the market.
Prime Minister Shehbaz Sharif directed officials to immediately form a committee to control the prices of food items. The cabinet says that the committee will closely monitor the prices of food items in collaboration with the provincial governments.
The Prime Minister also issued orders to take strict action against unnecessary increase in prices of essential commodities and illegal profiteering.
Shahbaz Sharif said that no negligence will be tolerated in taking strict action against profiteering.
With the beginning of Ramzan, onion prices have reached 300 rupees per kg, while the prices of other food items are also very high.
