Price control of essentials soon

BM Desk:

In a reassuring statement on Monday, Prime Minister’s Private Industry and Investment Adviser Salman F Rahman promised imminent price control of essential commodities in the country’s market. He highlighted the government’s active measures on multiple fronts, including price intervention, ministerial collaboration, and export and remittance initiatives.

Speaking to journalists after a meeting at Biniyog Bhaban, Rahman emphasized that, “There’s no justification for price hikes of certain products. Thanks to government intervention, many prices have already seen a decline. The Finance and Commerce Ministries, along with other relevant departments, are diligently working towards further price stabilization. We anticipate essential commodity prices to come under control soon.”

Recognizing the current currency pressure, Rahman outlined key strategies for alleviating it- the government is actively implementing initiatives to encourage overseas Bangladeshis to send more money back home, injecting valuable foreign currency into the economy; and recognizing the importance of earning foreign exchange, the government is prioritizing export promotion efforts. Recent import reductions have further eased pressure on the dollar.

While acknowledging the ongoing pressure, Rahman expressed optimism and highlighted the government’s dedication to addressing the situation. His remarks offer a glimpse into the multi-pronged approach being adopted to manage price fluctuations and ensure financial stability in Bangladesh.

This speech comes as a welcome reassurance for citizens grappling with rising costs of essential goods. The government’s focus on both immediate price control and long-term economic improvement signals its commitment to alleviating the current challenges and safeguarding the well-being of its people.