Measures taken to keep Ramadan market stable

Published : 22 Jan 2023 09:37 PM

The government has taken adequate measures to ensure sufficient supply of essentials and keep the market stable during Ramadan. If mass people refrain from massive buying then there will be no artificial crisis in the country.  

“There will be no crisis of daily essentials and there will be no price hike during Ramadan,” Commerce Minister Tipu Munshi said while speaking at a programme after inaugurating the month-long Industry and Trade fair at Rangpur Cricket Garden in Rangpur city on Sunday.

The government has taken an initiative to purchase more products at government and private levels and already many products have reached the country while some are on the way to Bangladesh and process is underway to buy more, said the minister.

If the consumers buy normal quantity of their essential products then there will be no problem, he said.

Issuing a note of warning, Tipu said stern action will be taken if traders create artificial crisis after hoarding goods and try to increase the prices of the goods during the month of Ramadan or in the other months.

A number of meetings are being held with the people engaged in import, manufacturing and wholesale traders ahead of Ramadan and it will continue as the government is providing all-out support to the business people as per their demands, said the minister.  

The commerce minister said that electricity and gas prices have been increased in line with the cost of production, which naturally has some impact on the economy. The products that are produced with gas will have some effect on the price of those products. New gas prices are being discussed. Efforts are being made to ensure fair price of gas and electricity for the people of the country. 

Rangpur Chamber of Commerce and Industries President Mostafa Sohrab Chowdhury Titu presided over the event as special guests, Rangpur Metropolitan Police Additional Police Commissioner Saifuzzaman Faruqi, Rangpur Metropolitan Awami League convener Dr. Md. Delwar Hossain, joint convener Md. Abul Kashem and Prof. Majed Ali Babul, Rangpur District Sports Association General Secretary Advocate Md. Anwarul Islam, convenor of Rangpur Chamber of Commerce and Industries industry and entrepreneurship development organization Abu Hena. Rezwanul Karim was present.