Islamabad, July 31, 2025: In a major move to regulate the cost of daily-use items prices, the Punjab government has announced the formation of a dedicated ministry for price control aimed at tightening oversight of essential commodity rates across the province.
The Punjab Assembly has passed the Punjab Price Control of Essential Commodities (Amendment) Bill 2025 by majority vote in a recent session.
The updated bill brings notable revisions to the 2024 Act, enhancing the province’s capacity to manage and monitor pricing structures more efficiently. A central feature of this amendment is the establishment of a Price Control Council, to be chaired either by the Minister for Price Control or a designated official nominated by the Chief Minister.
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The council will consist of six members—three specialists and three market stakeholders—to guarantee fair and inclusive decision-making processes.
Following the Governor’s final assent, the revised legislation will be enforced. This step is expected to control inflation, deter manipulation of prices, and offer significant relief to ordinary citizens. The dedicated ministry for price control is being positioned as a long-term solution to stabilize market trends in Punjab.
