Deputy Prime Minister Union Minister for Planning and Finance U Win Shein, Chairman of the Union Price Stability Committee, presided over the 2/2024 committee meeting yesterday.
Speaking at the event, the Union minister highlighted the proper cooperation with ministries concerned, region/ state governments and private organizations to prevent shortage and price rise of medical supplies and essential goods, supervision on statistics and ground situation based on the reports of region/state and weekly inspection of committee on rice warehouse, rice shops, medical supplies warehouse and pharmacies.
He also mentioned the efforts of FESC (Foreign Exchange Supervisory Committee) to ensure the foreign income for imports of essential supplies, supervisory of relevant departments and organizations for gold and foreign exchange prices stability, as well as rice and cooking oil prices, and the need to fulfil the public’s needs and balance the prices, impacts of high temperatures in April and May causing high prices of meat, fish and eggs, arrangements of the Ministry of Agriculture, Livestock and Irrigation to grant K12 billion loans to livestock breeding industries in nine region/state including Nay Pyi Taw in 2024- 2025 Financial Year.
He firmly instructed the officials of relevant departments and organizations from the region/state and Nay Pyi Taw to supervise the price stability measures as the unstable prices and sudden increase in prices of basic foodstuff seriously affect the people with low income and employees with fixed income.
Then, the vice-chair of the committee and attendees discussed price stability measures, completed work plans based on the decision of the committee and reviewed price changes.
The Deputy Prime Minister made proper instructions and concluded the meeting. — MNA/KTZH
