[ALOCHONA] Increase in essential goods prices worries Fakhruddin; is it time to step down?

Increase in essential goods prices worries Fakhruddin
Staff Correspondent

 

The government on Tuesday decided to take certain measures to stop spiral of essential goods prices, said the commerce adviser, Hossain Zillur Rahman.
   

Some specific decisions were made in this regard at a special meeting, presided over by the chief adviser, Fakhruddin Ahmed. Zillur also said the head of the government was deeply concerned about the price situation.
   

'We will work out new strategies and make them public after holding follow-up meetings with relevant government agencies and stakeholders,' Zillur told journalists in his commerce ministry office in the afternoon.
   

The finance and planning adviser, AB Mirza Azizul Islam, the National Board of Revenue chairman, Muhammed Abdul Mazid, and representatives of the Bangladesh Bank and edible oil refiners were also present.
   

Zillur said the prices of cooking oil on the international market began coming down and he hoped that the impact of the downtrend could soon be felt on the domestic market.
   

He said the government was considering setting up an agency to increase the flow of goods and commodities into domestic
   market to keep prices at a tolerable level.
   

The commerce ministry has already issued letters to seven government agencies seeking necessary information on the factors that affect the market.
   

The meeting in the Chief Adviser's Office is reported to have discussed the issue of profiteering tendency of the traders and observed they should play a responsible role and do not make high profits to destabilise the market.
   '

The government will do whatever is necessary to quickly improve the market system,' Zillur said, iterating his earlier position that the state should have an effective role with mechanism to make interventions in times of necessity.

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