Governor to intensify crackdown on profiteers and hoarders in Punjab


Government Chaudhry Mohammad Sarwar has intensified the crackdown on profiteers and hoarders in Punjab.
In this regard, he has signed and issued an ordinance to amend the Price Control, and Prevention of Profiteering and Hoarding Act, 2022. A Price Control Council will be set up which will be headed by the Chief Minister Punjab.
According to details, the Governor on the occasion of signing the Amendment Ordinance 2022 to curb profiteering and hoarding said that the present government under the leadership of Prime Minister Imran Khan is pursuing a policy of making the country and people strong and prosperous.
He said that the profiteers do not deserve any mercy. Government institutions will take stern action against them and provide maximum relief to the people and the rule of law will not be compromised.
Chaudhry Sarwar said that strict action will be taken against profiteers and hoarders through the Amendment Ordinance 2022 to curb profiteering and hoarding.
He further said that the Punjab Price Control Council would get information about the prices of essential commodities from different markets and would review the prices fixed by the competent authority, by the Special Price Control Magistrates.
The Governor said it will monitor the actions taken as well as ensure implementation of the Price Control Act. Violation of Sections 3 and 6 of the Punjab Price Control Act carries a minimum of one month imprisonment and a fine of Rs100,000 while a maximum of three years imprisonment and one lac fine.
If a person commits this crime again, the minimum punishment is 1 year imprisonment and a fine of 45,000 rupees.