The interim government has resolved to suspend the sale of subsidised goods in the open market, such as rice, edible oil, and various other products, said Finance Adviser Dr Salehuddin Ahmed.
He made the announcement on Tuesday (21 January) following a meeting of the Government Procurement Committee held at the secretariat on Tuesday (21 January).
Despite the imposition of VAT on several products, Dr Salehuddin Ahmed stated that it has not significantly influenced the price hike.
He further noted that adjustments regarding VAT on certain items will be addressed in the upcoming budget.
The adviser also indicated that the current price of rice remains within a tolerable range.
He explained that the temporary price surge was due to complexities in the supply chain.
To mitigate the deficit in cultivation, a decision has been taken to import urea fertiliser.
