Friday, 18 August 2023 14:34

COPF demands finance ministry to declare wheat flour prices Featured

The Committee on Public Finance (COPF) has instructed the officials of the Ministry of Finance to declare the selling price of wheat flour per kilogram as Rs.198 in order to prevent two major companies from making excessive profits and to protect the consumers.

This was discussed when the committee met on August 15, chaired by Patali Champika Ranawaka, who was appointed as the pro tem chairperson in the absence of Dr. Harsha de Silva, the Parliamentary Communications Department said.

 At the meeting, attention was drawn to the Regulations under the Imports and Exports (Control) Act, No. 1 of 1969 published in the Gazette Extraordinary No. 2336/45 dated June 14, 2023, which is to be approved by the Parliament.

 The officials of the Finance Ministry have said the gazette published on the said date was issued with the aim of preventing the various companies importing wheat into Sri Lanka from making excessive profits by overstocking.

 Therefore, instructions were given to provide accurate data on the existing stocks of wheat flour to confirm if the desired objectives of the gazette had been achieved. Thus, the pro tem COPF chair noted that this would give an opportunity to find out if any irregularities have occurred.

 

World News

Latest World News

There are 35832 listings and 1274 categories in our website