FIRMS in Pakistan know very well that their profits will go up if there is high demand and low-input cost. Some services sectors are using this tool and charging more while, on the other hand, consumers in Pakistan are unaware whether the government will come forward to rescue them.

Some services sectors have inelastic demand and consumers are forced to pay whatever they demand, especially in the absence of good substitutes.

It is high time for the Competition Commission of Pakistan took charge and curbed illegal, unethical and overcharging practices to provide a level playing field to other small wholesalers and markets.


More From This Section

Pakistani dramas

IN almost every drama serial, I see a ‘baychari’ (deprived) woman who is often beaten up by her husband or one ...

White is black

A SALARIED private militia maintained by Nawab Akbar Bugti had killed 231 security personnel of our army, FC, police...

Living in fear

I REMEMBER going to see my grandparents in southern Punjab every summer holiday. Unlike many other schoolchildren, I...

CNG supply

THE government recently announced that there would now be a continuous supply to CNG stations in Punjab, with a...

Comments are closed.

Comments (1)

Mahmood A Minhas
July 23, 2012 12:59 pm
The writer has correctly indicated the market position of the commodities. This is the economic formula of demand and supply.where the prices increase the damand increased. No service sectors want to get loss on their product. It is the responsibility of the government to control over inflation and we failed in this matter. The government regularly announces before ramzan and extend billion of rupees as subsidiary. Despite of this the prices of daily uitilites go up more than two hundred percent and consumers are forced to purchase. Who get the benefits of subsidiary ?
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page