KARACHI - Karachi Chamber of Commerce and Industry (KCCI) president Abdullah Zaki has urged the Sindh government and Karachi Municipal Corporation to take stringent action against profiteers and hoarders.

In a statement, President KCCI noted that prices of all household commodities, fruits and vegetables have been fearlessly raised by shopkeepers due to lack of efficient price control mechanism, resulting in further intensifying the hardships being faced by the poor masses. Globally, President KCCI said, prices of various commodities are immediately reduced and special discounts are also offered to public to welcome the holy month of Ramazan but unfortunately, in Pakistan, the greedy profiteers immediately raise prices of kitchen products to get maximum profits and hoarders create artificial shortages of necessary commodities in order to benefit from the situation.

President KCCI mentioned that although price lists are regularly issued by Karachi Municipal Corporation (KMC) but no shopkeeper bothers to adhere the prices quoted in these lists and continues to overcharge the customers. Abdullah Zaki said that all concerned departments of Sindh government and KMC should closely monitor prices of all commodities, particularly fruits, vegetables and other important kitchen items on daily basis and no one should be allowed to exploit the public.