How to Control Prices in Islamabad? 5 Ways Strategy

 

Price Control#High Profits# Relief to Consumers# Basic Need#

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 Prices show how candidly a nation is living in peace. Whether you are an entrepreneur or shopkeeper, you are an employer or employee; the prices will remain a matter of special interest.

 In Pakistan, price control is a widespread appeal to the politicians like many other countries in the world. Controlling prices is directly linked with public pacification particularly in the era you are living in.

Read salient features as:

• You would be at ease only when the two driving factors are strictly followed concerning the control of prices. These two factors are as follows: Cut down to the manufactures soared profits and relief to the customer.
• You may find the implementation of the first factor very difficult mainly because the owners of the manufacturing sector in Pakistan come from individuals belonging to the political parties. Under such a situation, you would find these individuals wielding their political influence for the vested interests. 
• To serve their profits, you see these political lords directly intervening in the policies related to price control. Thus, for any mechanism aimed at price control, you have to focus on such an intervention.
• Second, relief to the customer is a fact that the sitting governments can never ignore. To find prudence behind the price control, the relief to the customer may be a turning point in the credibility of a government. 
• Simply, if relieved, the public may inhibit themselves with the trust upon this government. You will find the result accordingly in the favor of the politicians. If not, there will be little trust in the government and the credibility for the upcoming tenure will be in jeopardy. 

Thus, the price control should be as coherence-focused as the credibility of a government is enormously desired. To control prices, the government strategy should evolve in the following emphasized ways:

1. Prime Minister’s Dedicated Venture

To control prices, the fundamental mechanism you will find at the prime seat of the sitting government. With the prime ministers, special focus on controlling prices, you see considerably cut down in the soaring prices of the basic needs. 

However, such desire to control relates to the special endeavor the PM has to undertake. If endeavored, the whole state machinery will work promptly and the pores to the rising prices will ultimately come to the suffocation. The existing departments and bureaucracy are adequate to pacify the price soars. 

2. Limitation against Manufacturers 

The materialization to the price control in Islamabad at second degree lies at the limitation of the manufacturers. With the prime minister’s dedicated venture, the manufacturers’ limitation will result in 100 % in the price control. In this regard, you can find such a limitation at their unauthorized surge for making maximized profits and boons. 

The government should wield its authority to curtail the illegal and unauthorized desire for making money at the cost of the customers’ purchasing power. There should be a specific margin of profit for the manufacturers set by the government. That is how you will see the prices of the basic needs will come to a minimum level.  

3. Constraint against Hoarding Mafias 

In the markets and the wholesale platforms, the hoarding of the commodities has remained a tested pursuit for the lovers of illegal money-making. To this degree, the government should emphasize on control an urgent basis because the hoarding mafias exist at such a level and segregates the customers’ purchasing power. 

With an approach to the price control at the wholesale level, the prices control will be 50% at the intact. Only a sincere effort is needed to curtail the soaring prices at such a level.

4. A mechanism for Retailers Control

In the market, whole sellers and retailers function as the two vital wheels of a cart. By working well on the part of these two wheels, the whole cart may continue its journey to a safe and sustained market environment. 

• Otherwise, the time will come when the markets will be empty and there will be no one to buy due to the unavailability of the purchasing power with the customers. The governments have to employ robust tools to control such a soar in the Markets. 
• The retailers' malfunction gives birth to the 50% price rise in the markets. Therefore, the price control at the retailers’ level will give a sustained pacification to the customers.  

5. Emphasize on National Resources

In Pakistan, there are plentiful resources, based on the soil. With the utilization and exploration of such resources, the manufacturing will work completely to the needs of the country. 

• In this regard, a huge amount of national finances will be reserved and the commodities at affable rates in Islamabad will be available to the customers. 
• With such blessing endowed by Allah almighty, the government has to only demonstrate sincerity and formulate a multi-pronged strategy to bring the fruits to the common people. 

To wind up, these are the multi-directional and everlasting principles that any society can employ for the sake of price control. The government of Pakistan must heed these words mentioned above to give lasting relief to the people of Pakistan. 

 

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